1 3 4 A A E Font Paragraphi Styles Dictate Editor Wagner Tires Cost Production Report Processing Department For the Month Ended July 31 8 9 5 6 UNITS 7 Units charged to production: inventory in process, Juy 1 Received form materjals storeroom Whole Units 10 Total units accounted for by the processing department Equivalent Units Direct Materials Conversion 6000 70000 76000 11 12 Units to be assigned cots: 13 Inventory in process, July 1 (70% complete) 5000 D 1800 14 Started and completed in July 60000 60000 60000 15 Transferred to packaging department in July 66000 60000 61800 16. Inventory in process, July 31 (25% complete) 3000 3000 750 17 Total units to be assigned costs 69000 63000 62550 18 19 Costs Direct Materials Conversion 20 COSTS 21. 22 Cost per equivalent unit: Total costs for July in Processing Department 23 24 Total equivalent units (from step 2) 25 Cost per equivalent unit 26 28 27 Costs assigned to production: Inventory in prosess, July 1 29 Costs incurred in July 30 Total costs accounted for by the processing department 31 32 Costs allocated to completed and partially completed units 33 Inventory in process, July 1-balance 34 To complete inventory in process, july 1 35 Cost of completed July 1 work in process 36 Started and completed in July 37 Transferred to Packaging Department in July 38 Inventory in process, July 31 39 Total costs assigned by the processing department 70000 +63000 20000 +62550 $1.11 $0.32 Total $10,000 90000 $100,000 $10,000 $0 $576 576 $10,576 $66,600 $19,200 85800 $3,330 $240 $96,376 $3,570 $99,946 3. Journalize entries for transactions using a process cost system. I 4. Describe and illustrate the analysis of unit cost changes between periods