Using the data in P5-5:

1. Draft the necessary entries to record the manufacturing costs incurred during the month of July.

2. Prepare a statement of cost of goods manufactured for the month ended July31.

Cubbies Manufacturing Co. Departmental Cost Work Sheet For the Month Ended July 31, 2011 Units Cost per unit Units received in transferred charged to credited to Amount Amount Analysis Cutting: transferred department or on hand department department Started in process... Costs for month: 6,600 Materials.... Labor Factory overhead 530,000 16,000 14,000 Completed and transferred to Shaping$10.00 Closing inventory in process 5,400 $54,000 (1/2 completed) 1,200 6,000 Total .. $60,000 S60,000 Shaping: Received during month from Cutting. Costs added during month: 5,400 $54,000 0.25 1.25 1.00 Completed and transferred to Finishing$12.50 Materials.... Labor . Factory overhead 1,200 6,000 4,800 4,400 $55,000 Closing inventory in process 1,000 11,000 (2/5 completed) Total .. S66,000 Finishing: Received during month from Shaping Costs added during month: 4,400 $55,000 Materials Labor Factory overhead 6,300 4,200 6,300 . 1.50 1.00 1.50 Completed and transferred to stock $16.50 4,000 $66,000 Closing inventory in process 5,800 $71,800 400 (1/2 completed) Total 4,400 4,400 $71,800