Homework Answers
| BLUE RIBBON FLOUR COMPANY | ||
| Cost of Production Report—Sifting Department | ||
| For the Month Ended May 31, 2016 | ||
| Whole | Equivalent Units | |
| UNITS | Units | of Production |
| Units charged to production: | ||
| Inventory in process, May 1 | 1,500 | |
| Received from Milling Department | 18,300 | |
| Total units accounted for by the | ||
| Sifting Department | 19,800 | |
| Units to be assigned cost: | ||
| Transferred to Packaging Department in | ||
| May | 18,000 | 18,000 |
| Inventory in process, May 31 | ||
| (75% completed)(75%*1800) | 1,800 | 1,350 |
| Total units to be assigned cost | 19,800 | 19,350 |
| COSTS | Costs |
| Unit costs: | |
| Total costs for May in Sifting Department($3,400 + $32,600 + $14,560 + $7,490) | $58,050 |
| Divided by Total equivalent units | 19,350 |
| Cost per equivalent unit | $3.00 |
| Costs charged to production: | |
| Inventory in process, May 1 | $3,400 |
| Costs incurred in May ($32,600 + $14,560 + $7,490) | 54,650 |
| Total costs accounted for by the Sifting Department | $58,050 |
| Costs allocated to completed and partially completed units: | |
| Transferred to Packaging Department in May | |
| (18,000 units × $3.00) | $54,000 |
| Inventory in process, May 31 | |
| (1,800 units × 75% × $3.00) | 4,050 |
| Total costs assigned by the Sifting Department | $58,050 |
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Appendix PR 3-5B Cost of production report: average cost method Blue Ribbon Flour Company manufactures flour...
Cost of Production Report: Average Cost Method Blue Ribbon Flour Company manufactures flour by a series...
Cost of Production Report: Average Cost Method Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process—Sifting Department was as follows on May 1: Work in Process—Sifting Department (1,500 units, 75% completed) $3,400 The following costs were charged to Work in Process—Sifting Department during May: Direct materials...
Cost of Production Report: Weighted average method Blue Ribbon Four Company manufactures flour by a series...
Cost of Production Report: Weighted average method Blue Ribbon Four Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Miling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour The balance in the account Work in Process-Sifting Department was as follows on May 1: Work in Process-Sifting Department (1,500 units, 75% completed) $3,400 The following costs were charged to Work in Process-Sifting Department during May Direct materials...
Cost of Production Reports Average Cost Method Blue Ribbon Hour Company manufactures flour by a series...
Cost of Production Reports Average Cost Method Blue Ribbon Hour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Miling Department, the materials pass through the Sitting and Padaging departments, emerging as packaged refined flour The balance in the account Work in Process --Sifting Department was as follows on May 1: Work in Process Sifting Department (1.500 units, 75% completed) $3,400 The following costs were charged to Work in Process-Sting Department during May...
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department....
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process—Sifting Department was as follows on March 1: Work in Process—Sifting Department (3,200 units, 75% completed) $3,500 The following costs were charged to Work in Process—Sifting Department during March: Direct materials transferred from Milling Department: 14,500 units $51,400 Direct...
Cost of Production e t Average Cast Method Blue Ribbon Four Company manufactures four by a...
Cost of Production e t Average Cast Method Blue Ribbon Four Company manufactures four by a series of the processes, beginning in the Ming Department from the Milling Department, the materials pass through the string and packaging departments, emerging as paded red flour. The balance in the account Work in Process-Sting Department was as follows on May 11 Work in Process ing Department (1.500 , completed) $3,400 The following costs were charged to work in Process-Sitting Department during May: Direct...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1, 2016: Work in Process-Sifting Department (900 units, completed): Direct materials (900 × $2.05) $1,845 Conversion (900 × × $0.40) 216 $2,061 The following costs were charged to...
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department....
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on March 1: Work in Process-Sifting Department (3,200 units, 75% completed) $3,500 The following costs were charged to Work in Process-Sifting Department during March: Direct materials transferred from Milling Department: 14,500 units $51,400 Direct...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1: Work in Process-Sifting Department (600 units, 3/5 completed): Direct materials (600 × $2.25) $1,350 Conversion (600 × 3/5 × $0.40) 144 $1,494 The following costs...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1: Work in Process-Sifting Department (1,000 units, 3/5 completed): Direct materials (1,000 × $2.15) $2,150 Conversion (1,000 × 3/5 × $0.40) 240 $2,390 The following costs...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1: Work in Process-Sifting Department (800 units, 3/5 completed): Direct materials (800 × $2.15) $1,720 Conversion (800 * 3/5 * $0.50) 240 $1,960 The following costs...
Cost of Production Report: Weighted average method Blue Ribbon Four Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Miling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour The balance in the account Work in Process-Sifting Department was as follows on May 1: Work in Process-Sifting Department (1,500 units, 75% completed) $3,400 The following costs were charged to Work in Process-Sifting Department during May Direct materials...
Cost of Production Reports Average Cost Method Blue Ribbon Hour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Miling Department, the materials pass through the Sitting and Padaging departments, emerging as packaged refined flour The balance in the account Work in Process --Sifting Department was as follows on May 1: Work in Process Sifting Department (1.500 units, 75% completed) $3,400 The following costs were charged to Work in Process-Sting Department during May...
Cost of Production e t Average Cast Method Blue Ribbon Four Company manufactures four by a series of the processes, beginning in the Ming Department from the Milling Department, the materials pass through the string and packaging departments, emerging as paded red flour. The balance in the account Work in Process-Sting Department was as follows on May 11 Work in Process ing Department (1.500 , completed) $3,400 The following costs were charged to work in Process-Sitting Department during May: Direct...
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on March 1: Work in Process-Sifting Department (3,200 units, 75% completed) $3,500 The following costs were charged to Work in Process-Sifting Department during March: Direct materials transferred from Milling Department: 14,500 units $51,400 Direct...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1: Work in Process-Sifting Department (800 units, 3/5 completed): Direct materials (800 × $2.15) $1,720 Conversion (800 * 3/5 * $0.50) 240 $1,960 The following costs...
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