please help this is so hard

continues with a jouranl entry worksheet

Required Information Problem 20-1A Production cost flow and measurement; journal entries LO P1, P2, P3, P4 The following information applies to the questions displayed below] Slerra Company manufactures woven blankets and accounts for product costs using process costing. Data below are for one of Its processing departments. The following information is available regarding its May Inventories Ending Beginning Inventory Inventory Raw materials inventory Work in process inventory Finished goods inventory se, eee s 410,eee 621,eee 15, eee 6e5, eee 599,eee The following additional Information describes the company's production activitles for May Raw materials purchases (on credit) 26e,eee 1,553,000 Factory wages cost (paid in cash) Other overhead cost (Other Accounts credited) 125,eee Materials used Direct 213,eee Indirect 82,eee Labor used zee,ee0 753 20 12es Direct Indirect Overhead rate as a percent of direct labor Sales (on credit) 3.58e,ee0 The predetermined overhead rate was computed at the beginning of the year as 120% of direct labor cost 1. Compute the cost of products transferred from production to finished goods and cost of goods sold Raw Materials (RM) Work in Process (WIP Factory Wages Payable Finished Goods (FG) Factory Overhead Income Problem 20-1A Part 2 2 Prepare summary journal entries dated May 31 to record the following production activitles durtng May: (a) raw materials purchases, (b) direct materals usage, (c) Indirect materlals usage, (d) direct labor costs Incurred, (e) indirect labor costs Incurred, () payment of factory payroll, (g) other overhead costs, (h) overhead applied, () goods transferred ffom production to finished goods, and (p sale of finished goods. View transaction list Journal entry worksheet 1 2 3 4 6 7 11 Record purchase of raw materials Note: Enter debits before credits Date General Journal Debit Credit May 3 Required Information Problem 20-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 The following information applies to the questions displayed below] Victory Company uses welghted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct matertals are added at the beginning of the process. During November, the company transferred 765,000 units of product to finished goods. At the end of November, the work in process Inventory consists of 186,000 units that are 50 % complete with respect to conversion. Beginning Inventory had $247,260 of direct materlals and $214,500 of conversion cost. The direct materlal cost added in November is $1,654,740, and the conversion cost added is $4,075,500. Beginning work in process consisted of 80,000 units that were 100 % complete with respect to direct materials and 80 % complete with respect to conversion. Of the units completed, 80,000 were from beginning work in process and 685,000 units were started and completed durtng the period. Problem 20-2A Part 1 Required: 1. Determine the equivalent units of production with respect to direct materlals and conversion Equivalent Units of Production (EUP)- Weighted Average Method EUP- Conversion Units % Materials EUP- Materials % Conversion Units completed snd transferred out Beginning work in process inventory-units Total units Problem 20-2A Part 2 2. Compute both the direct materlal cost and the conversion cost per equivalent unit Costper equivalent unit of production Materials Conversion Total costs Costs Costs +Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) Problem 20-2A Part 3 3. Compute the direct materlal cost and the conversion cost assigned to units completed and transferred out and ending work In process inventory. (Round "Cost per EUP" to 2 decimeal places.) Cost per EUP Cost of units transferred out EUP Total cost Direct materials Conversion Total costs transferred out Costs of ending work in process Cost per EUP Total cost EUP Direct materials S 0.00 Conversion 0.00 0 Total cost of ending work in process Total costs accounted for