1. Information for a manufacturing company for the month of July 2020 is as follows

Beginning work in process (WIP): Cost of Inventory in process, July 1 $5,010 Units-800 Direct materials =100% complete Conversion costs =70% complete Units started in July =14,000 Ending work in process inventory: Units =1,500 Direct materials =100% complete Conversion costs =30% complete Costs charged to Work in Process during July: Direct materials costs =$57,400 Direct labour costs =20,049 Factory overhead costs =30,073 A) Prepare a cost of production report for the month of July. B) Prepare the Journal Entries made in July to account for the costing activity including: - Transfer of direct materials inventory into production - The conversion costs incurred - The transfer of finished goods from WIP C) Prepare a "T" account for the WIP showing the opening balance and the July activity