Jackson's Exteriore produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the end of the process, an adhesive is added. Then the woodlachesive mature goes on to the Compression Department, where the wood is compressed into sheets. Conversion costs are added evenly throughout the preparation pro0989. January data for the Preparation Department are as follows: (Click the icon to view the data Read the roulemanis. Requirement 1. Prepare a production cost report for the Preparation Department for January. The company uses the weightec-average method (Hint. Each direct material added at a different point in the production process nequines its own equivalent units of producton computation) Complaba al answer boxes. Enter a 'y for any zara balance. Round all cost per unit amounts in the nannast cant and all other amounts to the nearest whole dollar, Abhravintin used: EUP = eruivalent units of production) i Data Table Jackson's Exteriors Production Cost Report-Preparation Department Month Ended January 31 Equivalent Units Physical Direct Materials Conversion Units Wood Adhesive Costs UNITS Units 10 account for: sheats 4.200 sheets 3.300 sheats Tolal units to account for 800 sheets UNITS Beginning Work-In-Process Inventory Starled in production Completed and transferred out to Cunipression in January Ending Work-in-Process Inventory (45% of the way through the preparation process) COSTS Beginning Work in Process Inventary Costs added during January: Wood Adhesives Direct labor Menutacturing overhead allocated Units accounted for: $ 0 3.570 Total units accounted for Direct Materials Conversion Total 1,320 2.448 2.000 Waad Adhesives Costs COSTS Costs to account for: 39338 Total costs Total costs to account for Print Dane i Data Table Jackear's Exteriors produces exterior siding for homes. The Preparation Department begins with wood, which is chopped into small bits. At the end of the process, an adhesive is added. Ther the war Cornpressed into sheels. Conversione costs are adued everly throughout the preparation process. January data for the Preparalon Department are as follow: (Click the icon to view the date. UNITS Read the requirements. a sheets 4,200 sheets 3.300 sheels Total costs to account for 900 sheets Cost per equivalent unit Costs socounted for: Beginning Work in Process Inventory Started in production Completed and transferred out to Compression in January Ending Work-in-Process inventory (45% of the way through the preparation process) COSTS Beginning Work-in-Process Inventory Costa added during January Wood Adhesives Direct labor Manufacturing overhead allocated Tolal costs accounted for Requirement 2. Prepare the journal entry to record the cost of the sheels cingleted and transferred out to the Compression Deparlimeni. (Record debits first, then credits. Exclude explanations from Accounts Debit Credit 3.570 1320 2.448 2000 Jan. 31 $ 358 Total coets Done Print Requirement 3. Past the joumal entries to the Work in process inventory-Preparation Taccount. What is the undirg balance? Postal transactions to the Work in Process InventoryPreparation Taccount using the appropriate descriptions as posting references. Calculale and enter the ending balance of the account, "Bal. Jan. 31', on the appropriate side of the Work-in-Process Inventory-Preparation Bal. Dec. 31 account