Homework Answers
1) Production Cost Report-Mixing Department
|
Equivalent units |
||||
|
Whole units |
Transferred In |
Direct materials |
Conversion costs |
|
|
Units to account for |
||||
|
Beginning work-in-process |
0 |
|||
|
Started in production |
5,000 |
|||
|
Total units to account for |
5,000 |
|||
|
Units accounted for: |
||||
|
Completed and transferred out |
4,500 |
n/a |
4,500 |
4,500 |
|
Ending work-in-process |
500 |
n/a |
100 |
100 |
|
Total units accounted for |
5,000 |
n/a |
4,600 |
4,600 |
|
COSTS |
Transferred In |
Direct materials |
Conversion costs |
Total costs |
|
|
Costs to account for: |
|||||
|
Beginning work-in-process |
n/a |
0 |
0 |
- |
|
|
Costs added during the period |
n/a |
5,520 |
6,440 |
11,960 |
|
|
Total costs to account for |
n/a |
5,520 |
6,440 |
11,960 |
|
|
Divided by: Total EUP |
n/a |
4,600 |
4600 |
||
|
Cost per equivalent unit |
n/a |
1.2 |
1.4 |
2.6 |
|
|
Costs accounted for: |
|||||
|
Completed and transferred out |
n/a |
5,400 |
6,300 |
11,700 |
|
|
Ending work-in-process |
n/a |
120 |
140 |
260 |
|
|
Total costs accounted for |
n/a |
5,520 |
6,440 |
11,960 |
2)
|
Date |
Particulars |
Debit |
Credit |
|
Mar-31 |
Work-in-Process Inventory—Mixing |
11,960 |
|
|
Raw Materials Inventory |
5,520 |
||
|
Manufacturing Overhead |
5,860 |
||
|
Wages Payable |
580 |
||
|
Mar-31 |
Work-in-Process Inventory—Cooking |
11,700 |
|
|
Work-in-Process Inventory—Mixing |
11,700 |
Add Answer to:
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On March 1, the Mixing Department had 100 rolls of paper in
process. During March, the Mixing Department completed the mixing
process for those 100 rolls and also started and completed the
mixing process for an additional 4,800 rolls of paper. The
department started but did not finish the mixing process for an
additional 500 rolls, which were 20% complete with respect to both
direct materials and conversion work at the end of March. Direct
materials and conversion costs are...
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compute the total costs of the units completed and transferred out
to the packaging department
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wax and pigments. The heated mixture is pumped to the Molding
Department, where it is poured into molds. After the molds cool,
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crayons are boxed.In the Mixing Department, the direct materials
are added at the beginning of the process and the conversion costs
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