Woodson Dairy produces an organic butter that is sold by the pound. The production of the butter begins in the Churning Department. Woodson Dairy's Data for the Churning Department for January follows: (Click the icon to view the data from January.) Woodson Dairy prepared the following production cost report for January for the Churning Department: 10 (Click the icon to view the January production cost report.) Read the requirements11 Requirement 1. What journal entry(s) would have been made during the month to record manufacturing costs? (Use Wages Payable as the credit for the direct labor costs.) (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Requirement 2. What journal entry is needed at the end of the month to transfer the cost of the butter out of the Churning Department and into the next department, the Forming Department? (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit ||(5) (6) Requirement 3. Post the journal entries to the "Work in Process Inventory - Churning Department" T-account. Work in Process Inventory-Churning (11) |(12) (13) (15) (17) - Data Table 100,000 units 1,500,000 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 (40% 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 200,000 units 110,000 24,000 Conversion cost included in beginning WIP balance 134,000 Beginning balance, WIP, January 1 Manufacturing costs incurred during January: Direct materials used Direct labor $ 1,730,000 10,000 558,000 Manufacturing overhead $ 2,298,000 Total manufacturing costs entered into production during January .: Reference i Requirements 1. What journal entry(s) would have been made during the month to record manufacturing costs? (Use Wages Payable as the credit for the direct labor costs.) 2. What journal entry is needed at the end of the month to transfer the cost of the butter out of the Churning Department and into the next department, the Forming Department? 3. Post the journal entries to the "Work in Process Inventory - Churning Department" T-account. Print Done