Journal entries for T/I, DM used, CC allocated and completed units

And T-accounts for bonus points

Eire Products is a specialty lubricants company. The Lake Plant produces a single product in three departments: Filtering, Blending, and Packaging. Additional materials are added in the Blending Process when units are 50 to 55 percent complete with respect to conversion. Information for operations in June in the Blending process appear as follows.

Work in process on June 1 consisted of 9,000 barrels with the following costs.

	Amount	Degree of completion
Filtering costs transferred in	$ 11,700	100%
Cost added in Blending
Direct materials	$ -	0%
Conversion costs	$ 18,335	30%
Work in process June 1	$ 30,035

During June, 116,000 barrels were transferred in from Filtering at a cost of $150,800. The following costs were added in Blending in June.

Direct materials	$ 387,500
Conversion costs	$ 538,265
Total costs added	$ 925,765

Blending finished 115,000 barrels in June and transferred them to Packaging. At the end of June, there were 10,000 barrels in work-in-process inventory. The units were 60 percent complete with respect to conversion costs. The Blending Department uses FIFO method of process costing.

Required: Prepare a cost of production report for Blending department for June.