Journal Entry Date Debit Credit 2,353,000 Accounts Work in Process Inventory-Churning Raw Materials Inventory Wages Payable Manufacturing Overhead 1.800,000 13,000 540,000 Requirement 2. What journal entry is needed at the end of the month to transfer the cost of the butter out of the Churning Department and into the next department, the Forming Department? (Record debits first, then credits Journal Entry Date Accounts Debit Credit Data Table 2,287 650 Work in Process Inventory-Forming Work in Process Inventory Churning 2.287 650 85.000 units 1,600,000 units Requirement 3. Post the journal entries to the "Work in Process Inventory - Churning Department" T-account 170,000 units Work in Process Inventory_Churning Transferred to Forming Bal, January 1 Manufacturing costs Bal, January 31 Units in beginning Work in Process (WIP) inventory Units started during the month (all direct materials including cream and salt, are added at the beginning of the churning process) Units in ending Work in Process (WIP) inventory (50% of the way through the process) Cost information is as follows: WIP - Churning Department balance as of January 1: Direct material cost included in beginning WIP balance Conversion cost included in beginning WIP balance S Beginning balance, WIP, January 1 70.350 87,000 157,350 Manufacturing costs incurred during January: Direct materials used $ Direct labor 1,800,000 13,000 540,000 Manufacturing overhead Total manufacturing costs entered into production during January $ 2,353,000 Choose from any list or enter any number in the input fields and then click Check Answer Print Done Allerto Save HW Score: 92%, 4.6 of 5 pt Reference Johnson Dairy Churning Department Month Ended January 31 Production Cost Report Flow of Equivalent Units Physical Direct Conversion Units Materials Costs Flow of Production Units to account for: Beginning work in process, January 1 Plus: Started in production during January 85.000 1.600.000 1.685.000 Total physical units to account for Units accounted for: Completed and transferred out 1.515.000 170.000 1,515,000 170,000 1,515,000 85,000 Plus. Ending work in process, January 31 Total physical units accounted for 1.685 000 Total equivalent units 1,685,000 1,600,000 Direct Conversion Costs Materials $ Total Costs to Account for and Cost per Equivalent Unit Beginning work in process Plus: Costs added during January Total costs to account for 70 350 S 1.800.000 87.000 553.000 1.870 350 1,685 000 640,000 1 600 000 Divided by Total equivalent units $ 1.11 $ 0.40 Cost per equivalent unit Direct Conversion Materials Costs Total Assignment of total costs: Completed and transferred out: Equivalent units completed and transferred out Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out 1 515,000 1.11 $ 1.515,000 0.40 $ $ 1.681 650 S 606 000 $ 2.287 650 Print Done