Required: Prepare journal entries for each of the transactions listed above. (1) Work in Process-Mixing Department $28,300 Raw Materials $28,300 Work in Process-Mixing Department. $18,800 Salaries and Wages Payable $18,800 (3) Work in Process-Mixing Department $46,800 Manufacturing Overhead $46,800 (4) Work in Provess-Drying Department $90,800 Work in Process-Mixing Department $90,800, (8) Finished Goods $98,100 Work in Provess-Drying Department $98,100 (6) Cost of Goods Sold $82,300 — Finished Goods $82.30 Answer: a 2 teansZezzed out . 30,000 : Equivalent unite in ending saventezy (8,000 * 1008) = 8,090 Equivalent unite for materisle 38,000 Equivalent units in ending inventory (8,000 30%) Equivalent unite for conversion . . Total conversion coste .. ($48,600 + $194,400)/32,400 EUs = $7.50 per EU ¢. Materials cost per equivalent unit: (334,500 + $146,000)/38,000 EUs = $4.75 per EU Coste teanefezred out: 20,000 uaize * ($7.50 + $4.75) = $967,590 d. Materials cost 2,000 units + 64.75 per EU + $38,000 Conversion 8,000 units * 30% complete * $7.50 per EU 18,000 Cost assigned to ending inventory . . $56,000Weighted-average method: a Units transferred to next department Ending work in process: Materials: 900 units « 70% Conversion: 900 units » 20%. Equivalent units of production b Cost of beginning work in process Cost added during the month. Total cost Equivalent units Cost per equivalent unit. ‘ Ending work in process: Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory a Units completed and transferred out Cost per equivalent unit Cost of units transferred out Masts Uittrnsfratanestdloartnen 99.00 Edin work in prose Mats: 2 unis 8% omrior: 200 uals Pe [gu aeot mi of production » Mitenae Cont ot begening workin roses. she (Cot ded die the mo rial Tal woe LSD Egan waits 2 Ct per esvaent mit mS . Mitre Fading workin proee: [Egat ait of prodtin, 160 Cont per ale so (Cot ating workin prose. ste 4 Matcrals Unitssompltedand transfered ont.” 2.000, os, Cont per unas mi saa Coot fete tere ot sino Materials 28.800 630 29.430 Materials $1,904 104,044 $105,948 29.430 $3.60 Materials $2.268 Materials 28.800 $3.60 $103,680 36 SW wr0 Conversion 28,800 180 28.980 Conversion $8,624 875,266 $883,890, 28,980 $30.50 Conversion Total 180 $30.50 $5,490 $7,758 Conversion Total 28,800 $30.50 $878,400 $982,080 Conversion Teta ww SuTk ne Conversion Teal 0