I cannot figure out how to do this two department problem Patterson Laboratories, Inc., produces one of its products in two successive departments. All materials are added at the beginning of the process in Department 1; no materials are used in Department 2. Conversion costs are incurred evenly in both departments. Patterson uses the weighted average method for process costing. January 1, 2019, inventory account balances are as follows:Materials Inventory$30,000Work in process- Department 1 (3,000 units, 30% complete) Direct materials4560 Conversion costs10,640Work in process - Department 2 (3550 units, 40% complete)43,439Finished goods inventory (2,000 units @ $1632,000 During January, the following transactions occurred:Purchased materials on account, $90,000Placed $84,000 of materials into process in Department 1. This $84,000 represents 24,000 units of materials.Distributed total payroll costs: $108,116 of direct labor to Department 1, $62,700 of direct labor to Department 2, and $51,000 of indirect labor to Manufacturing Overhead.Incurred other actual manufacturing overhead costs, $81,000. (Credit Other Accounts)Applied overhead to the two processing departments: $88,000 to Department 1 and $43,900 to Department 2.Transferred 25,000 completed units from Department 1 to Department 2. The 2,000 units remaining in Department 1 were 20% completed with respect to the conversion costs.Transferred 26,000 completed units from Department 2 to finished good inventory. The 2,550 units remaining in Department 2 were 70% completed with respect to conversion costs.Sold 20,000 units on account at $27 per unit. Patterson uses weighted average inventory costing procedures for the finished goods inventory. Questions (see attached screenshot).a.) Record the January transactions in general journal from for Departments 1 and 2d.) Record T-accounts T-accountsDateDescriptionDebitCreditMaterials InventoryPRBBEBSFinished Goods InventoryBBWork in Process Department 1PRBBEBS6PRWork in Process- Department 2BB8EB

(a) Required journal entries are as follows:

Answered: T-accounts Date Description Debit…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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I cannot figure out how to do this two department problem

Patterson Laboratories, Inc., produces one of its products in two successive departments. All materials are added at the beginning of the process in Department 1; no materials are used in Department 2. Conversion costs are incurred evenly in both departments. Patterson uses the weighted average method for process costing. January 1, 2019, inventory account balances are as follows:

Materials Inventory	$30,000
Work in process- Department 1 (3,000 units, 30% complete)
Direct materials	4560
Conversion costs	10,640
Work in process - Department 2 (3550 units, 40% complete)	43,439
Finished goods inventory (2,000 units @ $16	32,000

During January, the following transactions occurred:

Purchased materials on account, $90,000
Placed $84,000 of materials into process in Department 1. This $84,000 represents 24,000 units of materials.
Distributed total payroll costs: $108,116 of direct labor to Department 1, $62,700 of direct labor to Department 2, and $51,000 of indirect labor to Manufacturing Overhead.
Incurred other actual manufacturing overhead costs, $81,000. (Credit Other Accounts)
Applied overhead to the two processing departments: $88,000 to Department 1 and $43,900 to Department 2.
Transferred 25,000 completed units from Department 1 to Department 2. The 2,000 units remaining in Department 1 were 20% completed with respect to the conversion costs.
Transferred 26,000 completed units from Department 2 to finished good inventory. The 2,550 units remaining in Department 2 were 70% completed with respect to conversion costs.
Sold 20,000 units on account at $27 per unit. Patterson uses weighted average inventory costing procedures for the finished goods inventory.

Questions (see attached screenshot).

a.) Record the January transactions in general journal from for Departments 1 and 2

d.) Record T-accounts

T-accounts
Date
Description
Debit
Credit
Materials Inventory
PR
BB
EB
S
Finished Goods Inventory
BB
Work in Process Department 1
PR
BB
EB
S
6
PR
Work in Process- Department 2
BB
8
EB

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T-accounts Date Description Debit Credit Materials Inventory PR BB EB S Finished Goods Inventory BB Work in Process Department 1 PR BB EB S 6 PR Work in Process- Department 2 BB 8 EB