The November production of XXXXXX consisted of batch P25 (2,000 professional basketballs) and batch $33 (4,000 scholastic basketballs). Each batch was started and finished during November, and there was no beginning or ending work in process. Costs incurred were as follow:
Batch P25, $42,000, including $2,500 for packaging material; batch $33, $45,000
Preparation Department, predetermined rate of $7.50 per unit; Finishing Department, predetermined rate of $6.00 per unit; Packaging Department, predetermined rate of $.50 per unit. (Only the professional balls are packaged.)
a. Draw a diagram depicting the division’s batch manufacturing process.
b. Compute the November product cost for each type of basketball.
c. Prepare journal entries to record the cost flows during November.