The November production of MVP’S Minnesota Division consisted of batch P25 (2,000 professional basketballs) and batch S33 (4,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follows:

Direct Material:

Batch P25, $42,000, including $2,500 for packaging material; batch S33, S45.000).

Conversion Costs:

Preparation Department, predetermined rate of $7.50 per unit; Finishing Department, predetermined rate of $6.00 per unit Packaging Department, predetermined rate of $.50 per unit. (Only the professional halls are packaged.)

Required:

1. Draw a diagram depicting the division’s butch manufacturing process. Refer to Exhibit 4-10 for go guidance.

2. Compute the November product cost for each type of basketball.

3. Prepare journal entries to record the cost flows during November.