1. Mokkoled Company manufactures a liquid diet product in three departments. Data for Blending, the first department, follow: Production: Units in process, August 1, 75 percent complete Units completed and transferred out 120,000 400,000 Units in process, August 31, 30 percent complete 90.000 Costs: $ 340,600 Work in process, August 1 Costs added during August 1,516,500 Mokkoled uses FIFO costing. Required a. Prepare a physical flow schedule for the Blending Department for August. b. Calculate equivalent units of production for the Blending Department for August c. Calculate unit cost for materials, conversion, and in total for August. d. Calculate the cost of units transferred out and the cost of ending work in process. e. Prepare a cost reconciliation for the Blending Department. 2. ShavinInc. uses a process costing system to account for the manufacture of a select fuel product. The following information is available for the Mixing Department for month of May 2013: Beginning WIP 7000 units Stage of Completion 100% DM 60% conversion Costs in beginning inventory DM $ 11550 Conversion costs $ 12450 Started during May 14000 units | 19000 units Completed and transferred out during May Cost added during May DM $28000 Conversion costs $53550 Ending WIP 2000 units Stage of completion 100% to materials 25% to conversion Required: Prepare a production cost for Mixing Department for May, assuming Shavin Inc. uses the FIFO method 3. Information below provided from JenJen Corp. Ending inventory:2000 Current percentage: Material 70% Labor and FOH 30% Required Compute the equivalent unit from the information ! 1. Mokkoled Company manufactures a liquid diet product in three departments. Data for Blending, the first department, follow: Production: Units in process, August 1, 75 percent complete Units completed and transferred out 120,000 400,000 Units in process, August 31, 30 percent complete 90.000 Costs: $ 340,600 Work in process, August 1 Costs added during August 1,516,500 Mokkoled uses FIFO costing. Required a. Prepare a physical flow schedule for the Blending Department for August. b. Calculate equivalent units of production for the Blending Department for August c. Calculate unit cost for materials, conversion, and in total for August. d. Calculate the cost of units transferred out and the cost of ending work in process. e. Prepare a cost reconciliation for the Blending Department. 2. ShavinInc. uses a process costing system to account for the manufacture of a select fuel product. The following information is available for the Mixing Department for month of May 2013: Beginning WIP 7000 units Stage of Completion 100% DM 60% conversion Costs in beginning inventory DM $ 11550 Conversion costs $ 12450 Started during May 14000 units | 19000 units Completed and transferred out during May Cost added during May DM $28000 Conversion costs $53550 Ending WIP 2000 units Stage of completion 100% to materials 25% to conversion Required: Prepare a production cost for Mixing Department for May, assuming Shavin Inc. uses the FIFO method 3. Information below provided from JenJen Corp. Ending inventory:2000 Current percentage: Material 70% Labor and FOH 30% Required Compute the equivalent unit from the information