Two Departments, Journal Entries with Supporting Calculations-Weighted Average Method Patterson Laboratories, Inc, produces one of its products in two successive departments. All materials are added at the beginning of the process in Department 1; no materials are used in Department 2 Conversion costs are incurred evenly in both departments. Patterson uses the weighted average method for process costing. January 1, 2019, inventory account balances are as follows Materials inventory Work in proces-Department 13.000 un 10% complete Direct materal $30.000 4560 Conversion 10640 Work in process-Department 20550 units, 40% comple 32,000 Finished goods mentiry 2.000 units 16 During January, the following transactions occurred 1. Purchased material on account, $90,000- 2. Placed $84,000 of material into process in Department 1. This $84,000 represenes 24,000 units of materials 3. Distributed total payroll costs: $108116 of direct labor to Department 1, $62,700 of direct labor to Department 2 and $51,000 of indirect labor to Manufacturing Overhead 4. Incurred other actual manufacturing overhead costs, $81,000, (Credit Other Accounts) 5. Applied overhead to the two processing department: $88,000 to Department 1 and $43,900 to Department 2 6. Transferred 25,000 completed units from Department 1 to Department 2. The 2,000 units remaining in Department 1 were 20% completed with respect to conversion costs 7. Transferred 26,000 completed units from Department 2 to finished goods inventory. The 2.550 units remaining in Department 2 were 70% completed with respect to conversion costs Sold 20,000 units on account at $27 per unit. Patterson uses weighted average inventory costing procedures for the finished goods inventory Support