mal Procedures; Accounting for Joint Products and By-Products P6-1 Cost of Production Summaries, One Department, Two Months; Journal Entries L01 Manufacturing data for January and February in the Mixing Department of Klinger Kleaning Products follow: January $11,400 Materials used Labor Factory overhead Finished and transferred to Blending Dept. Work in process, end of month Stage of completion All materials are added at the start of the process. Labor and factory overhead are added evenly throughout the process. No units were in process at the beginning of January, Goods finished in Mixing are transferred to Blending for further processing Required: 1. From an analysis of this information, prepare a cost of production summary for each month, using the weighted average cost method. (Round unit costs to three decimal places.) 2. Make the journal entries for each month to record the cost of materials, labor and factory overhead used in production and the transfer of finished units from Mixing to Blending (Hint See Chapter 5 to review.) P621 Cost of Production Summaries, One Department. Two Months: mal Procedures; Accounting for Joint Products and By-Products P6-1 Cost of Production Summaries, One Department, Two Months; Journal Entries L01 Manufacturing data for January and February in the Mixing Department of Klinger Kleaning Products follow: January $11,400 Materials used Labor Factory overhead Finished and transferred to Blending Dept. Work in process, end of month Stage of completion All materials are added at the start of the process. Labor and factory overhead are added evenly throughout the process. No units were in process at the beginning of January, Goods finished in Mixing are transferred to Blending for further processing Required: 1. From an analysis of this information, prepare a cost of production summary for each month, using the weighted average cost method. (Round unit costs to three decimal places.) 2. Make the journal entries for each month to record the cost of materials, labor and factory overhead used in production and the transfer of finished units from Mixing to Blending (Hint See Chapter 5 to review.) P621 Cost of Production Summaries, One Department. Two Months