please USE [ EXCEL SHEET ] to answer. Thank you so much. it is helping me a lot.

Question

please USE [ EXCEL SHEET ] to answer. Thank you so much. it is helping me a lot. tonight is due date. please help me.

1st & 2nd picture = question.

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P5-13R Cost of production summary, three departments; change in unit cost from prior department; departmental cost work sheet:; journal entries; manufacturing statement lto Manufacturing Co. uses the process cost system. The follow- ing information for the month of December was obtained from the company's books and from the production reports submit- ted by the department heads: Production Report Units in process, beginning of period.2,500 1,500 3,000 Mixing Blending Bottling 13,000 10,000 1 3,000 10,000 11,000 500 Units in process, end of period 4/5 1/2

Explanation / Answer

Part 1)

The cost of production summary for each department is provided as below:

________

________

________

Part 2)

The department cost work sheet is provided as below:

___

________

Part 3)

The general journal is prepared as below:

________

Part 4)

The statement of cost of goods manufactured is given as follows:

Ito Manufacturing Co. Cost of Production Summary—Mixing For the Month Ended December 31, 20-- Cost of work in process, beginning of month: Materials $ 1,470 Labor         650 Factory overhead         565 Total $ 2,685 Cost of production for month: Materials $15,000 Labor      4,750 Factory overhead      5,240 Total    24,990 Total costs to be accounted for $27,675 Unit output for month: Finished and transferred to Blending during month    13,000 Equivalent units of work in process, end of month         500 Total equivalent production    13,500 Unit cost for month: Cost Units Materials $16,470    13,500 $    1.22 Labor      5,400    13,500 $    0.40 Factory overhead      5,805    13,500 $    0.43 Total $27,675 $    2.05 Inventory costs: Costs of goods finished and transferred to Blending $26,650 Cost of work in process, end of month: Materials $     610 Labor $     200 Factory overhead $     215 Total      1,025 Total production costs accounted for $27,675

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