(SHOW YOUR WORK)

1. Barker Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the companys first processing department for a recent month.

	Work in process, beginning:
	Units in process..............................................	800
	Percent complete with respect to materials...	50%
	Percent complete with respect to conversion	20%
	Costs in the beginning inventory:
	Materials cost.................................................	$2,440
	Conversion cost..............................................	$4,928
	Units started into production during the month.	15,000
	Units completed and transferred out.................	15,600
	Costs added to production during the month:
	Materials cost	96,470
	Conversion cost	476,362
	Work in process, ending:
	Units in process..............................................	200
	Percent complete with respect to materials...	50%
	Percent complete with respect to conversion	90%

Required:

Using the weighted-average method:

a. Determine the equivalent units of production for materials and conversion costs.

b. Determine the cost per equivalent unit for materials and conversion costs.

c. Determine the cost of units transferred out of the department during the month.

d. Determine the cost of ending work in process inventory in the department.

2. During February, the following transactions were recorded at Cuenca Corporation. The company uses process costing.

(1)	Raw materials that cost $38,300 are withdrawn from the storeroom for use in the Assembly Department. All of these raw materials are classified as direct materials.
(2)	Direct labor costs of $21,700 are incurred, but not yet paid, in the Assembly Department.
(3)	Manufacturing overhead of $45,200 is applied in the Assembly Department using the departments predetermined overhead rate.
(4)	Units with a carrying cost of $86,500 finish processing in the Assembly Department and are transferred to the Painting Department for further processing.
(5)	Units with a carrying cost of $109,100 finish processing in the Painting Department, the final step in the production process, and are transferred to the finished goods warehouse.
(6)	Finished goods with a carrying cost of $106,100 are sold.

Required:

Prepare journal entries for each of the transactions listed above.