Mccallum Tool Company has two departments, assembly and finishing. The assembly department takes purchased parts and assembles the final product. The finishing department performs testing, adds other materials, and packages the product. Direct materials are added at the end of the process in the finishing department. The following summarizes the finishing department's operations for the month of July. Number of Units Work-in-process, July 1, 50% complete for conversion costs 3,000 Transferred in during July 25,000 Completed during July 27,000 Work- in-process, July 31, 50% complete for conversion costs 1, 000 Costs Work-in-process, July 1 (transferred-in costs, $40,000; conversion costs, $31, 520) $ 71, 520 Transferred in from assembly department during July 177,000 Direct materials added during July 121, 500 Conversion added during July 85,355 Total to account for $ 455, 375 Required: Calculate each of the following amounts for the finishing department using the weighted-average process costing method, and then prepare the requested journal entries. 1. Equivalent units of transferred-in, direct materials, and conversion. 2. Equivalent unit costs for transferred-in costs, direct materials, and conversion. 3. Cost of goods completed and transferred out during July. 4. Cost of Work-in-process inventory at July 31. 5. Prepare the journal entries for direct materials, direct labor, overhead, and finished product for July, assuming that direct labor is 50% of conversion cost. Complete this question by entering your answers in the tabs below. Req 1 to 4 Req 5 1. Equivalent units of transferred-in, direct materials, and conversion. 2. Equivalent unit costs for transferred-in costs, direct materials, and conversion. 3. Cost of goods completed and transferred out during July. 4. Cost of Work-in-Process Inventory at July 31. (Round "WTAVG Cost per EU" answers to 2 decimal places. Round other answer values to the nearest whole dollars.)