Required:

Calculate each of the following amounts for the finishing department using the weighted$-$average process costing method, and then

prepare the requested journal entries.

Equivalent units of transferred$-$in$,$ direct materials, and conversion.

Equivalent unit costs for transferred$-$in costs, direct materials, and conversion.

Cost of goods completed and transferred out during July.

Cost of Work$-$in$-$process inventory at July $31.$

Prepare the journal entries for direct materials, direct labor, overhead, and finished product for July, assuming that direct labor is

$50\%$ of conversion cost.

Complete this question by entering your answers in the tabs below.

Equivalent units of transferred$-$in$,$ direct materials, and conversion.

Equivalent unit costs for transferred$-$in costs, direct materials, and conversion.

Cost of goods completed and transferred out during July.

Cost of Work$-$in$-$Process Inventory at July $31.$

$($Round "WTAVG Cost per EU$"$ answers to $2$ decimal places. Round other answer values to the nearest whole dollars.$)$

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