Make a Unadjusted Trial Balance and a Balance sheet from the following information.

Date Debit Credit 80,000.00 80,000 12,200 12,200 42,000 34,600 3,000 2,900 82,500 26,900 17,800 11,700 11,800 68,200 6,100 6,100 JOURNAL Description Post. Ref. Jan 1 Materials Accounts Payable Jan. 2 Prepaid Expenses Accounts Payable Jan. 2 Work in Process-Assembling Department Work in Process-Packaging Department Factory Overhead-Assembling Department Factory Overhead-Packaging Department Materials Jan. 10 Work in Process Assembling Department Work in Process-Packaging Department Factory Overhead-Assembling Department Factory Overhead-Packaging Department Wages Payable Jan 12 Factory overhead-Assembling Department Prepaid expenses Jan 13 Factory overhead-Assembling Department Accumulated depreciation-factory equipment Jan 13 Factory Overhead-Packaging Department Accounts Payable Jan. 16 Work in Process-Assembling Department Work in Process-Packaging Department Accumulated Depreciation-Factory Jan. 17 Factory Overhead-Assembling Department Factory Overhead-Packaging Department Prepaid Insurance Jan. 20 Factory Overhead-Packaging Department Prepaid Expenses Jan. 22 Work in Process-Assembling Department Factory overhead-Assembling Department Jan 22 Factory Overhead-Packaging Department Factory Overhead-Assembling Department Prepaid Insurance Jan 23 Work in Process-Packaging Department 37,000 37,000 76,000 76,000 5,300 3,500 8,800 1,300 1,000 2,300 5,300 5,300 21,500 21,500 2,300 2,000 4,300 18,850 Work in Process-Packaging Department 18,850 18,850 85,000 85,000 755 755 123 123 Jan 23 Work in Process-Packaging Department Factory Overhead-Packaging Department Jan. 24 Work in Process-Packaging Department Factory Overhead-Assembling Department Jan 24 Work in Process-Packaging Department Materials Jan 25 Work in Process-Packaging Department Wages Payable Jan 25 Finished Goods Work in Process-Assembling Department Jan 29 Work in Process-Packaging Department Factory Overhead-Assembling Department Jan. 31 Finished Goods Work in Process-Packaging Department Jan. 31 Cost of Goods Sold Finished Goods 143, 100 143,100 300 300 152,600 152,600 155,300 155,300 81,000.00 81,000 12,300 12,300 42,000 34,600 3,000 2,900 82,500 Feb 1 Materials Accounts Payable Feb. 2 Prepaid Expenses Accounts Payable Feb. 2 Work in Process-Assembling Department Work in Process-Packaging Department Factory Overhead-Assembling Department Factory Overhead-Packaging Department Materials Feb. 10 Work in Process-Assembling Department Work in Process-Packaging Department Factory Overhead-Assembling Department Factory Overhead-Packaging Department Wages Payable Feb 12 Factory overhead-Packaging Department Prepaid expenses Feb 13 Work in Process-Assembling Department Factory overhead-Assembling Department 26,900 17,800 11,700 11,800 68,200 4,700 4,700 33,000 33,000 Factory overhead-Assembling Department 4,700 33,000 33,000 81,000 81,000 830 830 82,300 82,300 6,400 4,500 10,900 2,500 1,700 4,200 250 250 Prepaid expenses Feb 13 Work in Process-Assembling Department Factory overhead-Assembling Department Feb 14 Factory overhead-Assembling Department Prepaid Expenses Feb. 16 Work in Process-Packaging Department Materials Feb 17 Factory Overhead-Packaging Department Accounts Payable Feb. 18 Work in Process-Assembling Department Work in Process-Packaging Department Accumulated Depreciation-Factory Feb. 22 Factory Overhead-Assembling Department Factory Overhead-Packaging Department Prepaid Insurance Feb 22 Work in Process-Packaging Department Wages Payable Feb 23 Factory Overhead-Packaging Department Factory Overhead-Assembling Department Prepaid Insurance Feb. 24 Work in Process-Packaging Department Factory Overhead-Assembling Department Feb 25 Work in Process-Packaging Department Factory Overhead-Assembling Department Feb 25 Work in Process-Packaging Department Factory Overhead-Packaging Department Feb 25 Finished Goods Work in Process-Assembling Department Feb 26 Factory overhead- Assembling Department Accumulated depreciation-factory equipment Feb. 27 Finished Goods Work in Process-Packaging Department Feb. 29 Cost of Goods Sold Finished Goods 2,100 1,800 3,900 85,000 85,000 755 755 123 143,100 143, 100 300 152,600 152,600 155,300 155,300 5,000 1,200 Inventory in process, Jan 1, 1,000 Lbs: Direct materials cost, for 1,000 Lbs Conversion costs, for 1,000 Lbs, 70% completed Total inventory in process, Jan 1 Direct materials cost for Jan, 10,000 Lbs Direct labor cost for Jan Factory overhead applied for Jan Total production costs account for Lbs transferred to Packaging in Jan (include units in process on Jan 1), 10,200 lbs Inventory in process, Jan 31 800 Lbs, 25% completed as to coversion costs 6,200 66,000 10,500 6,405 89,105 Equivalent unit of production WEIGHTED AVERAGE Equivalent units Total units to account for Direct material Conversion Beginning inventory Units of production Percentage of completion - direct materials Percentage of completion - direct labor 1,000 100% 70% 10,000 Units started in Jan Total units 11,000 Units completed and transferred out (TO) 10,200 10,200 10,200 800 200 Ending inventory Units of product Percentage of completion - direct materials Percentage of completion - direct labor Total Units 800 100% 25% 11,000 11,000 10,400 Total Costs charged to production Costs of beginning goods in process Inventory in process, Jan 1 balance Cost incurred this period Total Costs Equivalent Units Cost Per Equivalent Unit (EU) Direct material Conversion 5,000 1,200 66,000 16,905 71,000 18,105 11,000 10,400 $6.45 $1.74 89,105 Cost Assignment and Reconciliation Cost transferred out Costs of ending goods in process Total costs accounted for Journal Entry to transfer WIP inventory to finished good inventory Work-in-process Inventory - Packaging Department 88,040 1,065 89,105 88,040 Date Debit Credit 80,000.00 80,000 12,200 12,200 42,000 34,600 3,000 2,900 82,500 26,900 17,800 11,700 11,800 68,200 6,100 6,100 JOURNAL Description Post. Ref. Jan 1 Materials Accounts Payable Jan. 2 Prepaid Expenses Accounts Payable Jan. 2 Work in Process-Assembling Department Work in Process-Packaging Department Factory Overhead-Assembling Department Factory Overhead-Packaging Department Materials Jan. 10 Work in Process Assembling Department Work in Process-Packaging Department Factory Overhead-Assembling Department Factory Overhead-Packaging Department Wages Payable Jan 12 Factory overhead-Assembling Department Prepaid expenses Jan 13 Factory overhead-Assembling Department Accumulated depreciation-factory equipment Jan 13 Factory Overhead-Packaging Department Accounts Payable Jan. 16 Work in Process-Assembling Department Work in Process-Packaging Department Accumulated Depreciation-Factory Jan. 17 Factory Overhead-Assembling Department Factory Overhead-Packaging Department Prepaid Insurance Jan. 20 Factory Overhead-Packaging Department Prepaid Expenses Jan. 22 Work in Process-Assembling Department Factory overhead-Assembling Department Jan 22 Factory Overhead-Packaging Department Factory Overhead-Assembling Department Prepaid Insurance Jan 23 Work in Process-Packaging Department 37,000 37,000 76,000 76,000 5,300 3,500 8,800 1,300 1,000 2,300 5,300 5,300 21,500 21,500 2,300 2,000 4,300 18,850 Work in Process-Packaging Department 18,850 18,850 85,000 85,000 755 755 123 123 Jan 23 Work in Process-Packaging Department Factory Overhead-Packaging Department Jan. 24 Work in Process-Packaging Department Factory Overhead-Assembling Department Jan 24 Work in Process-Packaging Department Materials Jan 25 Work in Process-Packaging Department Wages Payable Jan 25 Finished Goods Work in Process-Assembling Department Jan 29 Work in Process-Packaging Department Factory Overhead-Assembling Department Jan. 31 Finished Goods Work in Process-Packaging Department Jan. 31 Cost of Goods Sold Finished Goods 143, 100 143,100 300 300 152,600 152,600 155,300 155,300 81,000.00 81,000 12,300 12,300 42,000 34,600 3,000 2,900 82,500 Feb 1 Materials Accounts Payable Feb. 2 Prepaid Expenses Accounts Payable Feb. 2 Work in Process-Assembling Department Work in Process-Packaging Department Factory Overhead-Assembling Department Factory Overhead-Packaging Department Materials Feb. 10 Work in Process-Assembling Department Work in Process-Packaging Department Factory Overhead-Assembling Department Factory Overhead-Packaging Department Wages Payable Feb 12 Factory overhead-Packaging Department Prepaid expenses Feb 13 Work in Process-Assembling Department Factory overhead-Assembling Department 26,900 17,800 11,700 11,800 68,200 4,700 4,700 33,000 33,000 Factory overhead-Assembling Department 4,700 33,000 33,000 81,000 81,000 830 830 82,300 82,300 6,400 4,500 10,900 2,500 1,700 4,200 250 250 Prepaid expenses Feb 13 Work in Process-Assembling Department Factory overhead-Assembling Department Feb 14 Factory overhead-Assembling Department Prepaid Expenses Feb. 16 Work in Process-Packaging Department Materials Feb 17 Factory Overhead-Packaging Department Accounts Payable Feb. 18 Work in Process-Assembling Department Work in Process-Packaging Department Accumulated Depreciation-Factory Feb. 22 Factory Overhead-Assembling Department Factory Overhead-Packaging Department Prepaid Insurance Feb 22 Work in Process-Packaging Department Wages Payable Feb 23 Factory Overhead-Packaging Department Factory Overhead-Assembling Department Prepaid Insurance Feb. 24 Work in Process-Packaging Department Factory Overhead-Assembling Department Feb 25 Work in Process-Packaging Department Factory Overhead-Assembling Department Feb 25 Work in Process-Packaging Department Factory Overhead-Packaging Department Feb 25 Finished Goods Work in Process-Assembling Department Feb 26 Factory overhead- Assembling Department Accumulated depreciation-factory equipment Feb. 27 Finished Goods Work in Process-Packaging Department Feb. 29 Cost of Goods Sold Finished Goods 2,100 1,800 3,900 85,000 85,000 755 755 123 143,100 143, 100 300 152,600 152,600 155,300 155,300 5,000 1,200 Inventory in process, Jan 1, 1,000 Lbs: Direct materials cost, for 1,000 Lbs Conversion costs, for 1,000 Lbs, 70% completed Total inventory in process, Jan 1 Direct materials cost for Jan, 10,000 Lbs Direct labor cost for Jan Factory overhead applied for Jan Total production costs account for Lbs transferred to Packaging in Jan (include units in process on Jan 1), 10,200 lbs Inventory in process, Jan 31 800 Lbs, 25% completed as to coversion costs 6,200 66,000 10,500 6,405 89,105 Equivalent unit of production WEIGHTED AVERAGE Equivalent units Total units to account for Direct material Conversion Beginning inventory Units of production Percentage of completion - direct materials Percentage of completion - direct labor 1,000 100% 70% 10,000 Units started in Jan Total units 11,000 Units completed and transferred out (TO) 10,200 10,200 10,200 800 200 Ending inventory Units of product Percentage of completion - direct materials Percentage of completion - direct labor Total Units 800 100% 25% 11,000 11,000 10,400 Total Costs charged to production Costs of beginning goods in process Inventory in process, Jan 1 balance Cost incurred this period Total Costs Equivalent Units Cost Per Equivalent Unit (EU) Direct material Conversion 5,000 1,200 66,000 16,905 71,000 18,105 11,000 10,400 $6.45 $1.74 89,105 Cost Assignment and Reconciliation Cost transferred out Costs of ending goods in process Total costs accounted for Journal Entry to transfer WIP inventory to finished good inventory Work-in-process Inventory - Packaging Department 88,040 1,065 89,105 88,040