Jetter Engine Corporation manufactures a single model of gasoline engine used in lawn mowers, portable generators, and pumps. The basic engine block is cast from steel and machined in the Casting Department. Then it is transferred to the Assembly Department, where the crank shaft, valves, pistons, and other component parts are added. After Assembly, it is transferred to the Finishing Department where the engine is tested. The company uses a process cost system with an average cost flow assumption. Data related to February operations are:

Required:
(1) Prepare a cost of production report for each department for February.
(2) Assuming a separate work in process account is maintained for each producing department, prepare the appropriate general journal entries to record the charge to the producing departments for the costs incurred during February and to record the transfer of units from Casting to Assembly, from Assembly to Finishing, and from Finishing to Finished Goods Inventory.

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Casting Assembly Finishing Units in beginning inventory Units started in process this period...x Units received from preceding department Units transferred out of department this period.... Units in ending inventory 500 3,000 1,000 300 2,700 2,900 2,900 2,800 400 Stage of completion with respect to materials Stage of completion with respect to labor Stage of completion with respect to overhead 2,700 800 100% 80% 90% 70% 30% 30% 50% 50% Cost in beginning inventory: Cost from preceding department... $ 63,150 $42,840 Materials...10,925 338 2,839 40,258 12,426 146,575 16.480 Labor.. Factory overhead... 12.426 12,426 2,760 140 Cost added during the current period: Materials Labor... Factory overhead... 16,362 48,461 44,408 12,240 4,408 18,360