Requirement 1. Prepare a production cost report for the Preparation Department for January. The company uses the weighted-average method. (Hint: Each direct material added at a different point in the production process requires its own e nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units of production.) Root's Exteriors Production Cost Report-Preparation Department Month Ended January 31 Data table Equivalent Units Physical Direct Materials UNITS Units Wood Adhesive Conversion Costs UNITS Units to account for: Total units to account for Units accounted for: Total units accounted for COSTS Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Beginning Work-in-Process Inventory Started in production 0 sheets 3,700 sheets Completed and transferred out to Compression in January 2,700 sheets Ending Work-in-Process inventory (20% of the way through the preparation process) 1,000 sheets COSTS Beginning Work-in-Process Inventory $ 0 Costs added during January: Wood Adhesives 3,145 1,755 Direct labor 1,115 Direct Materials Wood Adhesives Conversion Costs Total Costs 2,800 Manufacturing overhead allocated $ 8,815 Total costs Requirements Total costs accounted for Requirement 2. Prepare the journal entry to record the cost of the sheets completed and transferred out to the Compression Department. Date Jan. 31 Accounts Debit Credit 1. Prepare a production cost report for the Preparation Department for January. The company uses the weighted-average method. (Hint: Each direct material added at a different point in the production process requires its own equivalent units of production computation.) 2. Prepare the journal entry to record the cost of the sheets completed and transferred out to the Compression Department. 3. Post the journal entries to the Work-in-Process Inventory-Preparation T-account. What is the ending balance? Requirement 3. Post the journal entries to the Work in process inventory-Preparation T-account. What is the ending balance? Post all transactions to the Work-in-Process Inventory-Preparation T-account using the appropriate descriptions as posting references. C Print Done