Physical Units Equivalent Units EVI Coweysiv Cases Ayaterials Lworlater Faaravutaverhead Quantities Units to be accounted for: Work in process, beginning Started into production Total units Units accounted for: Transferred out Work in process, ending Total units Ayaterials Wer Zah Faroor Overhead Torals Costs Costs to be accounted for Beginning WIP Costs added during month Total costs to be accounted for Equivalent units Unit costs Cost Reconciliation Costs accounted for: Transferred out Work in process, ending Direct Materials Direct Labor Factory Overhead Total costs Additional support computations: Please complete the Problem as follows: Chico Company produces its product through a single processing department. Direct materials are added at the beginning of the process. Direct labor and overhead are added to the product evenly throughout the process. The company uses monthly reporting periods for its weighted average process cost accounting. Following is the general ledger account detail for November showing the entries that were made for the Work in Process account. (Remember, debits to WIP are the same as Work in Process Inventory Acct. No. 133 Date Explanation Debit Credit Balance 1-Nov Balance 40,600 30-Nov Direct Materials 52,000 92,600 30-Nov Direct Labor 227,000 319,600 30-Nov Applied Overhea 90,800 410,400 $ The 4,750 units of beginning goods in process consisted of $14,000 of direct materials, $19,000 of direct labor, and $7.600 of factory overhead. This makes up the $40,600 beginning balance. During November, the company finished and transferred 60,000 units of its product to finished goods. At the end of the month, the goods in process inventory consisted of 6,000 units that were 100% complete with respect to direct materials and 25% complete with respect to direct labor and factory overhead. Required (All three are part of this problem.) A Prepare the company's process cost summary for November using the weighted-average method. See report below. B. Prepare the journal entry dated November 30 to transfer the cost of the completed units to finished goods inventory. C. Record sale of all completed units on account for $650,000