Question

Requirement: 1 What journal​ entry(s) would have been made during the month to record manufacturing​ costs?...

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.) 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.

Data:

Johnson 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

120,000

Plus: Started in production during January

1,600,000

Total physical units to account for

1,720,000

Units accounted for:

Completed and transferred out

1,550,000

1,550,000

1,550,000

Plus: Ending work in process, January 31

170,000

170,000

85,000

Total physical units accounted for

1,720,000

Total equivalent units

1,720,000

1,635,000

Direct

Conversion

Total Costs to Account for and Cost per Equivalent Unit

Materials

Costs

Beginning work in process

$293,600

$184,100

Plus: Costs added during January

1,650,000

568,000

Total costs to account for

1,943,600

752,100

Divided by: Total equivalent units

1,720,000

1,635,000

Cost per equivalent unit

$1.13

$0.46

Direct

Conversion

Assignment of total costs:

Materials

Costs

Total

Completed and transferred out:

Equivalent units completed and transferred out

1,550,000

1,550,000

Multiplied by: Cost per equivalent unit

$1.13

$0.46

Costs assigned to units completed and transferred out

$1,751,500

$713,000

$2,464,500

Ending work in process:

Equivalent units in ending work in process, January 31

170,000

85,000

Multiplied by: Cost per equivalent unit

$1.13

$0.46

Costs assigned to units in ending work in process, January 31

$192,100

$39,100

231,200

Total costs accounted for

$2,695,700

Units in beginning Work in Process (WIP) inventory

120,000 units

Units started during the month (all direct materials, including cream and salt, are added at the beginning of the churning process)

1,600,000 units

Units in ending Work in Process (WIP) inventory (50% of the way through the process)

170,000 units

Cost information is as follows:

WIP - Churning Department balance as of January 1:

Direct material cost included in beginning WIP balance

293,600

Conversion cost included in beginning WIP balance

184,100

Beginning balance, WIP, January 1

$477,700

Manufacturing costs incurred during January:

Direct materials used

$1,650,000

Direct labor

8,000

Manufacturing overhead

560,000

Total manufacturing costs entered into production during January

$2,218,000

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