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 labor | 13,325 | |
Factory overhead | 5,125 |
During March, 14,900 units of flour were completed. The balance of Work in Process—Sifting Department on March 31 was 2,800 units, 50% completed.
Required:
Prepare a cost of production report for the Sifting Department for March, using the weighted average cost method.
Joshua Flour Company | ||
Cost of Production Report-Sifting Department | ||
For the Month Ended March 31 | ||
Units |
Units |
Equivalent Units of Production |
Units charged to production: | ||
Inventory in process, March 1 | ||
Received from Milling Department | ||
Total units accounted for by the Sifting Department | ||
Units to be assigned cost: | ||
Transferred to Packaging Department in March | ||
Inventory in process, March 31 | ||
Total units to be assigned cost | ||
Costs | ||
Unit costs: | ||
Total costs for March in Sifting Department | $ | |
Total equivalent units | / | |
Cost per equivalent unit | $ | |
Costs charged to production: | ||
Inventory in process, March 1 | $ | |
Costs incurred in March | ||
Total costs accounted for by the Sifting Department | $ | |
Costs allocated to completed and partially completed units: | ||
Transferred to Packaging Department in March | $ | |
Inventory in process, March 31 | ||
Total costs assigned by the Sifting Department | $ |
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 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
(900 units, 3/5 completed):
Direct materials (900 × $2.05)
$1,845
Conversion (900 × 3/5 × $0.40)
216
$2,061
The following costs...
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...
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 (700 units, 3/5 completed): Direct materials (700 × $2.35) $1,645 Conversion (700 × 3/5 × $0.30) 126 $1,771 The following costs...
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 (750 units, 3/5
completed):
Direct materials (750 × $2.25)
$1,688
Conversion (750 × 3/5 × $0.40)
180
$1,868
The following costs...
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 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 (700 units, 3/5 completed): Direct materials (700 × $2.25) $1,575 Conversion (700 × 3/5 × $0.30) 126 $1,701 The following costs...
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 (700 units, 3/5 completed): Direct materials (700 × $2.35) $1,645 Conversion (700 × 3/5 × $0.30) 126 $1,771 The following costs...
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 Sitting 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 (900 units, 3/5 completed) Direct materials (900 $2.05) $1,845 Conversion (900 x 3/5 * $0.40) 216 $2,061 The following costs were...
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...