Zero beginning inventory, materials introduced in middle of process. Roary Chemicals 1, Equivalent units, conversion has a Mixing Department and aR efining Department. Its process-costing system in the Mixing costs, 45,000 Department has two direct materials cost categories (Chemical P and Chemical Q) and one conversion costs pool. ‘The following data pertain to the Mixing Department for July 2010:

Chemical P is introduced at the start of operations in the Mixing Department, and Chemical Q is added when the product is three-fourths completed in the Mixing Department.
Conversion costs are added evenly during the process. The ending work in process in the Mixing Department is two-thirds completed.
REQUIRED 1. Compute the equivalent units in the Mixing Department for July 2010 for each cost category.
2. Compute

(a) the cost of goods completed and transferred to the Refining Department during July and

(b) the cost of work in process as of July 31, 2010.LO1

Transcribed Image Text:

Physical Units: Work in process, July 1 Units started 50,000 Completed and transferred to refining department 35,000 Costs: Chemical P $250,000 Chemical Q 70,000 Conversion costs 135,000