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The July production of Bait Buckets for Flying Angler's Supply Division consisted of batch x 3 3 7 ( 2 , 1 0 0 deluxe

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The July production of Bait Buckets for Flying Angler's Supply Division consisted of batch x337(2,100 deluxe) and batch Z444(4,200 basic). Each batch was started and finished during July, and there was no beginning or ending work in process. Costs incurred were as follows:
Direct Material:
Batch 337,$42,500, including $2,600 for packaging material; batch Z444,$45,500.
Conversion Costs:
Preparation Department, predetermined rate of $8.00 per unit; Finishing Department, predetermined rate of $6.10 per unit; Packaging Department, predetermined rate of $1.00 per unit. (Only the deluxe buckets are packaged.)
Required:
Compute the July product cost for each type of bait bucket.
Prepare journal entries to record the cost flows during July.
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Compute the July product cost for each type of bait bucket.
Note: Round "Product Cost" to 2 decimal places.
\table[[,\table[[Product],[Cost]],],[Deluxe,$,28.24x,per bucket],[Basic,$,16.93x,per bucket]]
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