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Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are
Production Report, Weighted Average
Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.):
Production: | |
Units in process, April 1, 60% complete | 23,000 |
Units completed and transferred out | 43,000 |
Units in process, April 30, 20% complete | 12,000 |
Costs: | |
WIP, April 1 | $ 90,600 |
Costs added during April | 150,020 |
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