Juice & Fruit Company uses a weighted average process costing system.

-conversion costs incur evenly throughout the process -Direct Material are added at the beginning of the process

-Inspection occurs when production is 75% complete

-Normal Spoilage is 4% of good units completed

The following is additional Information for the month of January

Physical units

20,000. Beginning WIP(30% complete)

210,000. Stated in January

196,000 Completed in January

24,000 Ending WIP ( 60% completed)

Costs

Beginning Work in Process costa

Direct material $65,000

Conversion Costs $73,000

Costs Incurred during January

Direct Material $869,400

Conversion Costs $2,373,280

Required.

1. Calculate the equivalents units for January using the Weighted Average Method including the physical units reconciliations.
2. Calculate the cost per equivalent unit for January using Weighted Average method.
3. Assign costs to the units completed and transferred out. and abnormal spoilage
4. Prepare journal entries for the costs you assigned in part 3.