Wholesome 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 F: (Click the icon to view the data from January.) Read the requirements. - X 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.) Wholesome Dairy Churning Department * Data Table Month Ended January 31 Production Cost Report Flow of Equivalent Units Units in beginning Work in Process (WIP) inventory 75,000 units Physical Direct Conversion Units started during the month (all direct materials, including Flow of Production Units Materials Costs cream Units to account for: and salt, are added at the beginning of the churning process) 1,700,000 units Units in ending Work in Process (WIP) inventory (50% of the way through the process) 140,000 units Cost information is as follows: Total physical units to account for Units accounted for: WIP - Churning Department balance as of January 1: Direct material cost included in beginning WIP balance 138,000 Conversion cost included in beginning WIP balance 139,100 $ 277,100 Beginning balance, WIP, January 1 Total physical units accounted for Total equivalent units Manufacturing costs incurred during January Direct materials used Direct labor $ i Requirements 1,850,000 7,000 570,000 2,427,000 Manufacturing overhead Total manufacturing costs entered into production during January $ 1. Prepare a production cost report for January for the Churning Department. 2. How much did it cost to make one pound of butter in the Churning Department? 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? Print Done Print Done cha nswer