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please help 1. Prepare a production cost report for January for the Churning Department 2. How much did it cost to make one pound of
please help
1. Prepare a production cost report for January for the Churning Department 2. How much did it cost to make one pound of butter in the Churning Department? How much did it cost to make a partially completed pound of butter in the Churning Department? Does this make sense? Why or why not? 3. Units in beginning Work in Process (WIP) inventory Units started during the month (all direct materials, including cream 85,000 units and salt, are added at the beginning of the churning process) Units in ending Work in Process (WIP) inventory (40% of the way 1,800,000 units through the process) 230,000 units Cost information is as follows: WIP - Churning Department balance as of January 1: Direct material cost included in beginning WIP balance Conversion cost included in beginning WIP balance Beginning balance, WIP, January 1 491,200 199,150 690,350 Manufacturing costs incurred during January: Direct materials used Direct labor Manufacturing overhead Total manufacturing costs entered into production during January 1,620,000 15,000 572,000 $ 2,207,000Step by Step Solution
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