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The Mixing Department combines the direct materials of paraffin
wax and pigments. The heated mixture is pumped to the Molding
Department, where it is poured into molds. After the molds cool,
the crayons are removed from the molds and are transferred to the
Packaging Department, where paper wrappers are added and the
crayons are boxed.In the Mixing Department, the direct materials
are added at the beginning of the process and the conversion costs
are incurred evenly throughout the process. Work...
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Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
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Vultan Wax manufactures crayons in a three-step process: mixing, molding, and packaging. (Click the icon to view the additional information.) At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Vultan Wax general ledger included the following account: (Click the icon to view the account.) Read the requirements. Requirement 1. Prepare a production cost report for the Mixing Department for March. Round equivalent unit of production costs to four decimal places. Round...
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For all Problems, assume the weighted-average method is to be used unless you are told otherwise.Preparing a production cost report, second department, with beginning WIP and transferred in costs; journal entries; FIFO methodHappy Colors manufactures crayons in a three-step process: mixing, molding packaging. The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the...
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Dixon Vivid manufactures crayons in a three-step procesa: mixing, molding, and packaging. Click the ion to view the additional infomation.) At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Dixon Vivid general ledger included the following account EEB (Click the icon to view the account. Read the raquiramarnis Requirement 1. Prepare a production cost report for the Mixing Department tor March. Round equivalent unit of production costs to tour decimal places....
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Work in Process-Grinding Department Completed and transferred to the Mixing Department ? Inventory, May 1 Materials Conversion 174,720 465,510 217,470 Inventory, May 31 ? The May 1 work in process inventory consisted of 91,000 pounds with $117,390 in materials cost and $57,330 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 311,000 pounds were started into production. The May 31 inventory consisted of...
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The Mixing Department of Foods for You had 65,000 units to account for in October. Of the 65,000 units, 45,000 units were completed and transferred to the next department, and 20,000 units were 55% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process and the company uses the weighted average method. Compute the total equivalent units of production for direct materials and conversion costs for October. Foods...
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Clopack Company manufactures one product that goes through one
processing department called Mixing. All raw materials are
introduced at the start of work in the Mixing Department. The
company uses the weighted-average method of process costing. Its
Work in Process T-account for the Mixing Department for June
follows (all forthcoming questions pertain to June):
Work in Process—Mixing Department
June 1 balance
40,000
Completed and transferred
to Finished Goods
?
Materials
131,680
Direct labor
85,500
Overhead
103,000
June 30 balance
?...
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Clopack Company manufactures one product that goes through one
processing department called Mixing. All raw materials are
introduced at the start of work in the Mixing Department. The
company uses the weighted-average method of process costing. Its
Work in Process T-account for the Mixing Department for June
follows (all forthcoming questions pertain to June):
Work in Process—Mixing Department
June 1 balance 28,000 Completed and
transferred to Finished Goods ?
Materials 120,000
Direct labor 79,500
Overhead 97,000 ...
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The
mixing department of tasty foods at 60,000 units to account for in
October. Of the 60,000 units 20,000 units were completed and
transferred to the next apartment at 40,000 units were 50% complete
all of the materials are added at the beginning of the process
conversion costs are added evenly through the mixing process in the
company uses the weighted average method. Compute the total
equivalent units of production for direct materials and conversion
cost
The Mixing Department of...
The Mixing Department combines the direct materials of paraffin
wax and pigments. The heated mixture is pumped to the Molding
Department, where it is poured into molds. After the molds cool,
the crayons are removed from the molds and are transferred to the
Packaging Department, where paper wrappers are added and the
crayons are boxed.In the Mixing Department, the direct materials
are added at the beginning of the process and the conversion costs
are incurred evenly throughout the process. Work...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
Vultan Wax manufactures crayons in a three-step process: mixing, molding, and packaging. (Click the icon to view the additional information.) At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Vultan Wax general ledger included the following account: (Click the icon to view the account.) Read the requirements. Requirement 1. Prepare a production cost report for the Mixing Department for March. Round equivalent unit of production costs to four decimal places. Round...
For all Problems, assume the weighted-average method is to be used unless you are told otherwise.Preparing a production cost report, second department, with beginning WIP and transferred in costs; journal entries; FIFO methodHappy Colors manufactures crayons in a three-step process: mixing, molding packaging. The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the...
Dixon Vivid manufactures crayons in a three-step procesa: mixing, molding, and packaging. Click the ion to view the additional infomation.) At March 31, before recording the transfer of costs from the Mixing Department to the Molding Department, the Dixon Vivid general ledger included the following account EEB (Click the icon to view the account. Read the raquiramarnis Requirement 1. Prepare a production cost report for the Mixing Department tor March. Round equivalent unit of production costs to tour decimal places....
Work in Process-Grinding Department Completed and transferred to the Mixing Department ? Inventory, May 1 Materials Conversion 174,720 465,510 217,470 Inventory, May 31 ? The May 1 work in process inventory consisted of 91,000 pounds with $117,390 in materials cost and $57,330 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 311,000 pounds were started into production. The May 31 inventory consisted of...
The Mixing Department of Foods for You had 65,000 units to account for in October. Of the 65,000 units, 45,000 units were completed and transferred to the next department, and 20,000 units were 55% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process and the company uses the weighted average method. Compute the total equivalent units of production for direct materials and conversion costs for October. Foods...
The
mixing department of tasty foods at 60,000 units to account for in
October. Of the 60,000 units 20,000 units were completed and
transferred to the next apartment at 40,000 units were 50% complete
all of the materials are added at the beginning of the process
conversion costs are added evenly through the mixing process in the
company uses the weighted average method. Compute the total
equivalent units of production for direct materials and conversion
cost
The Mixing Department of...