SHOW ALL THE WORKING!!!

Use the data below to make July Production Report for Toystore Inc. using Weighted Average method of Process costing? Do all the steps, show all the manufacturing cost flows. Finally, using the data, make Cost of Goods Manufactured Statement, Cost of Goods Sold Statement and Income Statement.

Thank's

Abdul-Rahim Taysir

Data Amount es WIP, July 01 - 6,000 units Direct Material: 100% complete, at cost from June Conversion: 40% complete, at cost from June Balance in WIP, July 01 $ 15,000 10,368 25,368 es Units started during July 9000 units Units completed and transferred out in July 12000 units WIP, July 31 3000 units Direct Material: 100% complete Conversion: 20% complete Costs incurred during July: Direct Material $ 27,000 $ Conversion Costs: Direct Labor Applied Manufacturing Overhead Total Conversion Costs $ $ 25,800 38,700 64,500 Predetermined Overhead rate: 150% of Direct Labor Cost Finished Goods Inventory, July 01 Finished Goods Inventory, July 31 Selling Price Units Sold on Cash Selling and Administrative Expenses Income Tax Expense $2,000 $1,900 $15 12015 units $40,000 $5,408