Please only answer if youre 100 on the answer and can fully

Please only answer if you\'re 100% on the answer and can fully complete. Thank you.

USE FIRST-IN, FIRST-OUT COSTING

Sulu Company produces its finished product in two processing departments--Assembly and Packaging.

The following information is available for the month of July:

Assembly Department:

The beginning work-in-process inventory was $5,755 ($4,815 direct materials and $940 conversion costs) and consisted of 350 units that were 10% complete as to conversion costs.

During July, an additional 4,500 units were started into production.

A total of 4,650 units were completed and transferred out to the Packaging Department.

The ending work-in-process inventory consisted of 200 units which were 35% complete as to conversion costs.

The following costs were incurred during July: direct materials $73,800; direct labor $86,300; and overhead $40,195.

Direct materials are added at the beginning of the process in the Assembly Department and conversion costs are incurred evenly throughout the production process.

Packaging Department:

The beginning work in process inventory was $29,631 ($18,606 transferred-in costs and $11,025 conversion costs) and consisted of 450 units that were 70% complete as to conversion costs.

During July, a total of 4,800 units were completed and transferred out to Finished Goods Inventory.

The ending work in process inventory consisted of 300 units which were 60% complete as to conversion costs.

The following costs were incurred during July: direct materials $132,480; direct labor $60,000; and overhead costs $105,141.

Direct materials are added at the end of the process in the Packaging Department and conversion costs are incurred evenly throughout the production process.

REQUIRED:

A. Prepare a production report for July for the Assembly Department.

B. Give the general journal entry to record the transfer of the completed units from the Assembly Department to the Packaging Department for July.

C. Prepare a production report for July for the Packaging Department.

Solution

1) Production report - Assembly phy units Material Conver cost total O WIP 350 315 started and completed 4300 4300 4300 Trans to Packaging 4650 C WIP 200 200 70 Equivalent units 4500 4685 Costs incurred 73800 126495 Cost per Equi unit 16.4 27 cost of O WIP 4815 940 addition made 0    8505 Total OWIP cost 4815 9445 14260 Cost of Start & completed 70520 116100 186620 Total cost transferred to Packaging 200880 Cost of C WIP 3280 1890 5170 2) Journal Entry of transfer: Debit WIP - Pack Deptt 200880 Credit WIP - Asse Deptt 200880 3) Production report - Packaging phy units Transf in costs Conver cost total O WIP 450 135 started and completed 4350 4350 4350 Trans to FG 4800 C WIP 300 300 180 Equivalent units 4650 4665 Costs transf in/ incurred 200880 165141 Cost per Equi unit 43.2 35.4 cost of O WIP 18606 11025 addition made 0    4779 135*35.4 Total OWIP cost 18606 15804 34410 Cost of Start & completed 187920 153990 341910 direct mate added at end 132480 132480 Total cost transferred out to FG 508800 Cost of C WIP 12960 6372 19332