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Armstrong Corporation produces a single prochact that is manufactured in the departments Assembly and Finishing Units of product are started in the Assembly Department and the transferred to the Finishing Department, where they are completed Units impected forslag in the Finishing Department exactly halfway through the productive proces, half of the direct materials and conversion costs have been added to the mit spoilage in detected at this time, the spoiled units are removed from production and scrapped. Good nits are transferred to finished goods inventory, normal plage is charged to good units completed and mal eilage is charged as a period expense to the income statement. Normal poilage as expected to be 10 of the good units transferred to finished goods inventory during the month At the end of June. 12.000 units were still in process in the Finishing Department complete to materials and 30% complete as to conversion costs. During July 25.000 ts were tranden from the Assembly Department to the Finishing Department, and 28.500 were med free the Finishing Department to finished goods inventory. At the end of July, the Finishing Department still had 4500 units in process, we complete as to materials and 90completes to convence costs Cost data related to July operations for the Finishing Department is tached Mag overhead is applied to production in the Finishing Department at the rate of 120 of direct labor con REQUIRED) Using the attached schedules, prepare a cost of Production Report for the Finishing Department for the month of July, FFO co now Round costs per equivalent unit to four decimal places and all other dollar amounts to the nearest whole dollar Using the attached form, prepare the general journal.certies in good com required by the company to record the transfer of costs of the dig Department this period. Provide a buid explanation for the create (2) ARMSTRONG CORPORATION COST DATA FOR FINISHING DEPARTMENT FOR MONTH OF JULY Beginning Inventory Costs From Prior Department $ Direct Materials Die Labor 65.000 12.000 3000 Current Period Costs Cont From Prior Department Direct Materials Direct lahat 50.400 127.000 ARMSTRONG CORPORATION COST OF PRODUCTION REPORT--FINISHING DEPARTMENT FIFO SCHEDULE OF PHYSICAL AND EQUIVALENT UNITS FOR MONTH OF JULY Equivalent Units Physical Prior Iparmat Direct Units Costs Materials Units To Act Fort Beginning WIP Inventory Units Surted During Period Total Units To Aceront For Caverion Cast Units Accounted For Units Completed During Period: From Beginning WIP vey Units Standad Completed During Period Total Units Completed During Period Nem Spilge Abomal Sporlage Units in Ending WIP love Total Units Accounted For ARMSTRONG CORPORATION COST OF PRODUCTION REPORT-FINISHING DEPARTMENT--FIFO COST SUMMARY SCHEDULE FOR MONTH OF JULY Casts Price Department Casts Total Costs Direct Materials Ceaversion Cats Casts To Act For Begin WIP Current Period Costs Total Casts To Account for Divided By Equivalent Units Cost Per Equivalent limit Costs Accounted For Cast of Units Completed: Cests From Beginning WIP Inventory To Complete Beginning WIP Inventory Price Department Costs Direct Materials Convert Costs ARMSTRONG CORPORATION COST OF PRODUCTION REPORT-FINISHING DEPARTMENT--FIFO COST SUMMARY SCHEDULE CONTINUED) FOR MONTH OF JULY Costs Total Costs Prior Department Costs Direct Materials Conversion Costs Units Started and Completed During Period: Prior Department Costs Direct Materials Conversion Costs Normal Spoilage: Price Department Costs Direct Materials Conversion Costs Total Cost of Units Completed and Transferred to Finished Goods Inventory Abnormal Spoilage: Prior Department Costs Direct Materials Conversion Costs Total Cost of Abnormal Spoilage Conversion Costs ARMSTRONG CORPORATION COST OF PRODUCTION REPORT--FINISHING DEPARTMENT--FIFO COST SUMMARY SCHEDULE (CONTINUED) FOR MONTH OF JULY Costs Prior Department Direct Total Costs Costs Materials Ending Work in Process Inventory: Prior Department Costs Direct Materials Conversion Costs Total Cost of Ending Work in Process Inventory Total Costs Accounted For ARMSTRONG CORPORATION GENERAL JOURNAL FOR MONTH OF JULY Explanation Debit Date Credit

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