Menz Chocolates has two departments, bag of Fruchocs.Mixing and Packaging. Each unit of product is a bag of Fruchocs.Mixing and Packaging. Each unit of product is a 500 gram and Packaging. Each unit of product is a Mixing500 gram bag of Fruchocs.Mixing and Packaging. Each unit of product is a 500 gram500 gram bag of Fruchocs.

The Packaging department stated in December with opening work in process inventory of 10,000 bags of Fruchocs - 40% complete like materials and 20% materials and 20% complete like to conversion in the Packaging department. This inventory had $24,000 of transferred-in costs, $6,000 of Packaging material costs, $5,000 of Packaging labour costs and $3,000 of Packaging overhead.labour costs and $3,000 of Packaging overhead.labour costs and $3,000 of Packaging overhead.labour costs and $3,000 of Packaging overhead.labour costs and $3,000 of Packaging overhead.labour costs and $3,000 of Packaging overhead.labour costs and $3,000 of Packaging overhead.labour costs and $3,000 of Packaging overhead.e

During December, Packaging received a further 50,000 bags from Mixing at a cost of $120,000 (transferred-in costs).

labour, and $16,100 of overhead during the month of December.Packaging also incurred $34,500 of material cost, $27,600 of , and $16,100 of overhead during the month of December.Packaging also incurred $34,500 of material cost, $27,600 of , and $16,100 of overhead during the month of December.Packaging also incurred $34,500 of material cost, $27,600 of , and $16,100 of overhead during the month of December.Packaging also incurred $34,500 of material cost, $27,600 of

At the end of December, Packaging had ending work in process inventory of 2500 bags. These units were 20% complete with respect to material, and 10% complete to and overhead.labour

(Note: Conversion costs are direct labour and overhead costs combined. Your process cost report should show conversion costs).

Required (Show all workings)

Using the weighted average method, prepare a process cost report for the Packaging department for December. Prepare journal entry that transfer the goods from the packaging department to finished goods.