The Paper Products manufactures a high-quality paper box. The Box Department applies two separate operations - cutting and folding. The paper is first cut and trimmed to the dimensions of a box form by one machine group. One square foot of paper is equivalent to four box forms. The trimmings from this process have no scrap value. Box forms are then creased and folded (i.e., completed) by a second machine group. Any partially processed boxes in the Box Department are cut box forms that are ready for creasing and folding. These partly processed boxes are considered ( 50 % ) complete as to labor and factory overhead. The Materials Department maintains an inventory of paper in sufficient quantities to permit continuous processing, and transfers to the Box Department are made as needed. Immediately after folding, all satisfactory boxes are transferred to the Finished Goods Department. During June, 19-, the Materials Department purchased ( 1,210,000 ) square feet of unprocessed paper for ( $ 244,000 ). Conversion costs for June were ( $ 226,000 ). A quantity equal to 30,000 boxes was spoiled during paper cutting, and 70,000 boxes were spoiled during folding. All spoilage has a zero salvage value, is considered normal, and cannot be reprocessed. All spoilage loss is allocated between the completed units and partially processed boxes. Company applies the weighted average costing method to all inventories. Inventory data for June, 19-, are: REQUIRED:- Cost of production reports for both departments.

The Paper Products manufactures a high-quality paper box. The Box Department applies two separate operations - cutting and folding. The paper is first cut and trimmed to the dimensions of a box form by one machine group. One square foot of paper is equivalent to four box forms. The trimmings from this process have no scrap value. Box forms are then creased and folded (i.e. completed) by a second machine group. Any partially processed boxes in the Box Department are cut box forms that are ready for creasing and folding. These partly processed boxes are considered 50% complete as to labor and factory overhead. The Materials Department maintains an inventory of paper in sufficient quantities to permit continuous processing, and transfers to the Box Department afe made as noeded. Immediately after folding, all satisfictory boxes afe transferred to the Finished Goods Department. During June, 19-, the Materials Department parchased 1,210,000 square feet of umprocessed paper for $244,000. Cotversion costs for June were $226,000. A quantity equal to 30,000 boxes was spoiled during paper cutting. and 70,000 boxes were spoiled during folding. All spoilage has a zero salvage value, is considered normal, and cannot be reprocessed. All spoilage loss is allocated between the completed units and partially processed boxes. Company applies the weighed average costing method to all inventories. Inventory data for June, 19 , are: REQUIRED:- Cost of production reports for both departments. The Paper Products manufactures a high-quality paper box. The Box Department applies two separate operations - cutting and folding. The paper is first cut and trimmed to the dimensions of a box form by one machine group. One square foot of paper is equivalent to four box forms. The trimmings from this process have no scrap value. Box forms are then creased and folded (i.e. completed) by a second machine group. Any partially processed boxes in the Box Department are cut box forms that are ready for creasing and folding. These partly processed boxes are considered 50% complete as to labor and factory overhead. The Materials Department maintains an inventory of paper in sufficient quantities to permit continuous processing, and transfers to the Box Department afe made as noeded. Immediately after folding, all satisfictory boxes afe transferred to the Finished Goods Department. During June, 19-, the Materials Department parchased 1,210,000 square feet of umprocessed paper for $244,000. Cotversion costs for June were $226,000. A quantity equal to 30,000 boxes was spoiled during paper cutting. and 70,000 boxes were spoiled during folding. All spoilage has a zero salvage value, is considered normal, and cannot be reprocessed. All spoilage loss is allocated between the completed units and partially processed boxes. Company applies the weighed average costing method to all inventories. Inventory data for June, 19 , are: REQUIRED:- Cost of production reports for both departments