Sunnyside Dairy produces an organic butter that is sold by the pound. The production of the butter begins in the Churning Department. Data for the Churning Department for January follows: E (Click the icon to view the data from January.) Read the requirements. Requirement 1. Prepare a production cost report for January for the Churning Department. Prepare a production cost report for the Churning Department, one section at a time. (For entries with a $0 balance, make sure to enter "0" in the appropriate cell(s). Round cost per equivalent unit amounts to the nearest cent, $X.XX.) Sunnyside Dairy Churning Department Month Ended January 31 Production Cost Report Flow of Equivalent Units Direct Conversion Physical Units Flow of Production Materials Costs Units to account for: Total physical units to account for Units accounted for: Total physical units accounted for Total equivalent units Direct Conversion Direct Conversion Total Costs to Account for and Cost per Equivalent Unit Materials Costs Total costs to account for Cost per equivalent unit Direct Conversion Materials Costs Total Assignment of total costs: Completed and transferred out: Costs assigned to units completed and transferred out Ending work in process: Ending work in process: Costs assigned to units in ending work in process, January 31 Total costs accounted for Requirement 2. How much did it cost to make one pound of butter in the Churning Department? (Round all amounts to the nearest cent, $X.XX.) Direct material cost Conversion cost Total cost Requirement 3. How much did it cost to make a partially completed pound of butter in the Churning Department? Does this make sense? Why or why not? How much did it cost to make a partially completed pound of butter in the Churning Department? (Round all amounts to the nearest cent, $X.XX.) Direct material cost Conversion cost Total cost Does this make sense? Why or why not? because % of the have not yet been added. - X Data Table 80,000 units 1,700,000 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 180,000 units 502,600 183,600 Conversion cost included in beginning WIP balance $ 686,200 Beginning balance, WIP, January 1 Manufacturing costs incurred during January: Direct materials used $ 1,580,000 Direct labor 15,000 545,000 Manufacturing overhead $ 2,140,000 Total manufacturing costs entered into production during January Print Done