Chapter 5, Problem 16E

Chavez Concrete Inc. has two production departments. Blending had 1,000 units in process at the beginning of the period, two-fifths complete. During the period 7,800 units were received from Mixing, 8,200 units were transferred to the finished goods storeroom, and 600 units were in process at the end of the period, 1/3 complete. The cost of the beginning work in process was:

The costs during the month were:

1. 1. Using the data in E5-15, prepare a cost of production summary for the month ended January 31, 2016.
2. 2. Prepare a journal entry to transfer the cost of the completed units from Blending to the finished goods storeroom.