Work-in-process, July 1, 50% complete for conversion costs Transferred in during July Completed during July Work-in-process, July 31, 5ex complete for conversion costs Number of Units 4,000 27,000 27, see 4, eee Costs Work-in-process, July 1 (transferred-in costs, $30,000; conversion costs, $32,650) Transferred in from assembly department during July Direct materials added during July Conversion added during July Total to account for $ 62,650 140, 500 101,250 32,600 5337, eee Required: Calculate each of the following amounts for the finishing department using the welghted-average process costing method, and then prepare the requested Journal entries. 1. Equivalent units of transferred-in, direct materials, and conversion 2. Equivalent unit costs for transferred-in costs, direct materials, and conversion 3. Cost of goods completed and transferred out during July 4. Cost of Work in process inventory at July 31 5. Prepare the journal entries for direct materials, direct labor, overhead, and finished product for July, assuming that direct laboris 50% of conversion cost. Complete this question by entering your answers in the tabs below. Reg 1 to 4 Reg 5 1. Equivalent units of transferred-in direct materials, and conversion. 2. Equivalent unit costs for transferred-in costs, direct materials, and conversion. 3. Cost of goods completed and transferred out during July. 4. Cost of Work in Process Inventory at July 31. (Round "WTAVG Cost per Eu" answers to 2 decimal places. Round other answer values to the nearest whole dollars.) Show less 1. Equivalent units Transferred-in Direct materials Conversion 2 Unit costs Transferred-in Direct materials Conversion 3 Cost of goods completed and transferred out 4 Cost of ending work in process inventory Regs > Work-in-process, July 1, 50% complete for conversion costs Transferred in during July Completed during July Work-in-process, July 31, 5% complete for conversion costs Units 4,800 27,898 27,000 4,000 Costs Work-in-process, July 1 (transferred-in costs, $30, Bee; conversion costs, $32,650) Transferred in from assembly department during July Direct materials added during July Conversion added during July Total to account for $ 62,650 148, see 181,25e 32,600 5337,000 Required: Calculate each of the following amounts for the finishing department using the weighted-average process costing method, and then prepare the requested journal entries. 1. Equivalent units of transferred-in, direct materials, and conversion 2 Equivalent unit costs for transferred-in costs, direct materials, and conversion 3. Cost of goods completed and transferred out during July 4. Cost of Work-in-process inventory at July 31 5. Prepare the journal entries for direct materials, direct labor, overhead, and finished product for July, assuming that direct laboris 50% of conversion cost. Complete this question by entering your answers in the tabs below. Reg 1 to 4 Reg 5 Prepare the journal entries for direct materials, direct labor, overhead, and finished product for July, assuming that direct labor is 50% of conversion cost. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Show View transaction list Journal entry worksheet B D > To record direct materials costs added during July Notat atens before Transaction 1 General Journal Debe Chaar enly