2 A- Font. Paragraph Styles Dictate Editor 6 UNITS 7 Units charged to production Inventory in process, Juy 1 9 Received form materials storeroom 10 Total units accounted for by the processing department 11 12 Units to be assigned cot Wagner Tires Cost Production Report Processing Department For the Morth Ended July 32 Whole Units 6000 70000 76000 Equivalent Units Conversion Direct Materials 13 Inventory in process, July 1 (70% complete) 6000 14 Started and completed in July 60000 60000 1800 60000 15 Transferred to packaging department in July 56000 60000 61800 16 Inventory in process, July 31 (25% complete) 3000 3000 750 17 Total units to be assigned costs 9000 63000 62550 18 19 20 COSTS 21 22 Cost per equivalent unit 23 Total costs for July in Processing Department 24 Total equivalent units (from step 2) 25 Cost per equivalent unit 26 27 Costs assigned to production 28 Inventory in prosess, July 1 29 Costs incured in July 30 Total costs accounted for by the processing department 31 33 32 Costs allocated to completed and partially completed us Inventory in process, July 1-balance 34 To complete inventory in process, July 1 35 Cast of completed July 1 work in process 36 Started and completed in July 37 Transferred to Packaging Department in y 38 Inventory in process, July 31 39 Total costs assigned by the processing department Costs Direct Materials Conversion Total 70000 +63000 $1.11 20000 +62550 50.32 $30,000 90000 $100,000 $30,000 50 $576 576 $10,576 544,600 $19,200 85800 $06,376 53.330 $240 53.570 599,946 3. Journalize entries for transactions using a process cost system. I 4. Describe and illustrate the analysis of unit cost changes between periods