Victoria's Closet mass-produces luxurious sleepwear for women. Consider the following data for the fl annel nightgown department for the month of January. All direct materials are added at the beginning of production in the department, and conversion costs are incurred evenly throughout production. Inspection occurs when production is 100% completed. Normal spoilage is 6,600 units for the month.

Physical Units

Beginning WIP (25% complete) ...................................................11,000

Started during January ..............................................................74,000

Total to account for ................................................................85,000

Good units completed and transferred out during current period:

From beginning work in process ................................................11,000

Started and completed ............................................................50,000

Spoiled units............................................................................8,000

Ending WIP (75% complete) .......................................................16,000

Total accounted for .................................................................85,000

Costs

Beginning WIP:

Direct materials .................................................................$220,000

Conversion costs ..................................................................30,000

Total beginning WIP ..............................................................250,000

Costs added during current period:

Direct materials ...............................................................1,480,000

Conversion costs ................................................................942,000

Costs to account for ........................................................$2,672,000

REQUIRED

A. Prepare a process cost report using the weighted average method.

B. Write out the journal entries for this period's work.