please make it somewhat organized! thankssss

RETL 262 - Process Costing Report - Fall 2021 - Group B McCall Corporation uses a process cost accounting system. Materials are added at the beginning of the process. Direct labor and Overhead are added evenly throughout the process The following are the operating and cost data information for January The January 1 Beginning Work In Process - Dyeing consisted of 5,000 units (50% complete) The cost for this inventory include: $20,000 of direct materials, $35,000 of direct labor, and $65,000 of factory overhead In addition to the beginning inventory, the company started 60,000 units They incurred the following cost into Work-In-Process Inventory: Direct materials, $190,000 Direct labor, $ 90,000 Factory overhead $125,000 During January, the company completed and transferred out 45,000 units of its product to the WIP - Cutting Department. At the end of the month, the work in process inventory consisted of 20,000 units that were 80% complete with respect to conversion cost. SHOW YOUR WORK - YOU NEED ALL OF THE WORDS ALONG WITH THE NUMBERS (USE THE EXCEL WORKSHEET PROVIDED ON BLACKBOARD TO ANSWER THIS QUESTION) - Weighted average method) You must create formulas - I showed you how to do this in class. A) Prepare the company's process cost summary for January: The report should include all of the following: a) Units to Account For and Units Accounted For During January, the company completed and transferred out 45,000 units of its prout the WIP - Cutting Department. At the end of the month, the work in process inventory consisted of 20,000 units that were 80% complete with respect to conversion cost. SHOW YOUR WORK --YOU NEED ALL OF THE WORDS ALONG WITH THE NUMBERS (USE THE EXCEL WORKSHEET PROVIDED ON BLACKBOARD TO ANSWER THIS QUESTION) -- Weighted average method) You must create formulas - I showed you how to do this in class. A) Prepare the company's process cost summary for January: The report should include all of the following: a) Units to Account For and Units Accounted For b) Find Equivalent Units c) Cost to Account For d) Cost per Equivalent Unit e) Cost Accounted For B) Prepare the Journal entry for the transfer to the Cutting Department Assignment must be completed neat and orderly. Step 2 - Units Accounted For Completed & Trans Out Total Units Accounted For A 1 Process Costing Worksheet 2 W Average method 3 4 5 6 Step 1 - Find Units to Account For 7 Rolls 8 BI 9 Started/Transferred in 10 11 Total Units to Account For 0 12 13 14 Step 3 - Find Equivelant Units 15 96 Transferred In 16 C&TO 17 El 75% 18 19 Total Equivelant Units 20 21 Step 4 - Cost to Account For Transferred In 22 23 Beginning 10000 24 Cost Incurred during the period 25 26 Total Cost to Account For 27 Sheet Sheet Sheets Sheet6 Sheet DM CC - Includes DL and OH DM Totals Sheets Sheet NATA m - ES B K C F D G H 24 Cost Incurred during the period 25 26 Total Cost to Account For 27 28 29 Step 5 - Cost per EU 30 Divide by EU 31 32 Cost per EU 33 34 35 Step 6 - Cost Accounted For 36 Transferred Ending 37 Out Inventory 38 EU Cost 39 40 C& TO (All should be at 100%) 41 TI+DM+CC 42 43 El 44 TI 45 DM 46 CC 47 48 Totals 49 If you do not have any units transferred in -- Then you would not have a TI column-only would have DM and CC O Coth