Montgomery Corporation produces boxes of cookies that go through three departments: Mixing, Cooking and Packaging. During April, Montgomery produced 250,000 boxes of cookies with the following costs: Required: A. Calculate the costs transferred out of each department. B. Prepare journal entries that reflect these cost transfers. 5.1 Explain the primary differences between job costing, process costing and operation costing. LO 5.1 5.5 Define the term equivalent unit and explain how the concept is used in process costing. Give three examples of process industries where it may be appropriate to ignore the concept of equivalent units. Explain your answer. E5.24 Physical flow and equivalent units; weighted average: manufacturer LO5.2 Squeeze Ltd produces low-fat salad dressing. The following data relate to the year just ended: During the year the company started 200000 litres of material in production. Required: Prepare a schedule analysing the physical flow of units and calculating the equivalent units of both direct material and conversion for the year. Use weighted average process costing