Woodson Daly produces an organic butter that is sold by the pound. The production of the butter begins in the Chuning Deparment, Woodson Dary's Duta for the Churring Department for January blows: Click the icon to view the data from January) Woodson Dairy prepared the following production cost report for January for the Chuming Department Click the icon to view the January production cost report) Read the singer Requirement 1. What journal entry's) would have beey 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 amournal entries) Journal Entry Accounts Debt Credit Raw Materials inventory airy's Data for 0 Data Table organic OWS: he data frd me followin the Januar 100,000 units 1,500,000 units amal entrys Exclude exp for the direct lat 200,000 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 churras 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 Conversion cost included in beginning WIP balance Beginning balance, WIP, January 1 Acc aterials Invent 110,000 24,000 134,000 Manufacturing costs incurred during January Direct materials used Direct labor Manufacturing overhead $ 1,730,000 10,000 558,000 2,298,000 Total manufacturing costs entered into production during January Print [Dono for enter any nu Woodson Dairy Churning Department Month Ended January 31 Production Cost Report Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units to account for: Beginning work in process, January 1 100,000 Plus: Started in production during January 1,500,000 Total physical units to account for 1,600,000 Units accounted for: Completed and transferred out 1,400,000 1,400,000 1,400,000 Plus: Ending work in process, January 31 200,000 200.000 80.000 Total physical units accounted for 1,600,000 Total equivalent units 1,600,000 1,480,000 Direct Conversion Total Costs to Account for and Cost per Equivalent Unit Beginning work in process Plus: Costs added during January Total costs to account for Divided by: Total equivalent units Cost per equivalent unit Materials $ 110,000 $ 1,730,000 1,840,000 1,600,000 $ 1.15 $ Costs 24,000 568,000 592,000 1,480,000 0.40 LOUUUUUIILIUI 1,040,UUU 5 92,UUU Divided by: Total equivalent units Cost per equivalent unit 1,600,000 $ 1.15 $ 1,480,000 0.40 Direct Conversion Assignment of total costs: Materials Costs Total Completed and transferred out: Equivalent units completed and transferred out 1,400,000 1,400, UTO Multiplied by: Cost per equivalent unit 1.15 $ 0.40 Costs assigned to units completed and transferred out $1,610,000 $ 560,000 $2,170,000 Ending work in process: Equivalent units in ending work in process, January 31 Multiplied by: Cost per equivalent unit Costs assigned to units in ending work in process, January 31 Total costs accounted for 200,000 1.15 $ 80,000 0.40 $ $ 230,000 $32,000 262,000 $2,432,000 Print Done