Cost of production summary, three departments; change in unit cost from prior department...

Cost of production summary, three departments; change in unit cost from prior department; departmental cost work sheet; journal entries; manufacturing statement

Ito Manufacturing Co. uses the process cost system. The following information for the month of December was obtained from the company’s books and from the production reports submitted by the department heads:

Required:

1. Prepare cost of production summaries for the Mixing, Blending, and Bottling departments.

2. Prepare a departmental cost work sheet.

3. Draft the journal entries required to record the month’s operations.

4. Prepare a statement of cost of goods manufactured for December.