Requirement 1. What journal entry(s) would have been made during the month to record manufacturing costs? (Use Wages Payable as the credit for the direct labor costs.) (Record debits fin Date Credit Journal Entry Accounts Work in Process Inventory-Churning Raw Materials Inventory Wages Payable Manufacturing Overhead Debit 2,353,000 1,800,000 13,000 540,000 Requirement 2. What journal entry is needed at the end of the month to transfer the cost of the butter out of the Churning Department and into the next department, the Forming Department? Date Journal Entry Accounts Work in Process Inventory-Forming Work in Process Inventory-Churning Debit Credit Data Table 85,000 units 1,600,000 units 170,000 units Units in beginning Work in Process (WIP) inventory Units started during the month (all direct materials, including cream and salt, are added at the beginning of the churning process) Units in ending Work in Process (WIP) inventory (50% of the way through the process) 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 70,350 87,000 Beginning balance, WIP, January 1 $ 157,350 Manufacturing costs incurred during January: Direct materials used $ 1,800,000 Clear All Direct labor 13,000 540,000 Manufacturing overhead $ 2,353,000 Total manufacturing costs entered into production during January 31A (similar to) Reference - X Et Johnson Dairy Chumning Department Month Ended January 31 Production Cost Report Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Jnits to account for: Beginning work in process. January 1 85.000 1.600.000 Plus: Started in production during January 1,685,000 Total physical units to account for Units accounted for: Completed and transferred out 1.515.000 170.000 1.515.000 170.000 1.515.000 85.000 Plus: Ending work in process. January 31 1 685.000 Total physical units accounted for 1.685.000 1.600.000 Total equivalent units Direct Conversion Total Costs to Account for and Cost per Equivalent Unit Materials Costs 70,350 $ Beginning work in process 87.000 553.000 1.800.000 Plus: Costs added during January Total costs to account for 1870.350 1,885,000 640.000 1.000.000 Divided by: Total equivalent units $ 1.11 $ 0.40 Cost per equivalent unit Direct Conversion Materials Costs Total 1515.000 Assignment of total costs: Completed and transferred out: Equivalent units completed and transferred out Multiplied by: Cost per equivalent unit Costs assigned to units completed and transferred out 1.515.000 111 S 0.40 S 1,881,650 606,000 $ 2257.650 170.000 85.000 0.40 Ending work in process: Equivalent units in ending work in process. January 31 Multiplied by: Cost per equivalent unit Costs assigned to units in ending work in process, January 31 S 022,700 S 188,700 $ 34.000 S 2,510.350 Total costs accounted for Print Done ose from any list or enter any number in the input fields and then click Check