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14 15 Costs information 16 Beginning WIP, costs added in prior periods: 17 Beginning WIP, costs added in prior periods: 18 Direct materials 19 Conversion
14 15 Costs information 16 Beginning WIP, costs added in prior periods: 17 Beginning WIP, costs added in prior periods: 18 Direct materials 19 Conversion cost direct labor 20 Conversion cost overhead applied 21 Transferred in costs 22 Costs added to process in February 20YY: 23 Direct materials Conversion cost overhead applied 41 42 Costs (BWIP costs + Costs Added during period) 43 Beginning WIP inventory 44 Costs added this month 45 Total costs in process 46 Cost per equivalent unit ($) 47 48 Cost assignment (Costs per EU x EU) 49 Units completed transferred out 50 Ending WIP inventory 51 Total costs P1 & 2 N/A P3A P3B G 12,000 10,000 16,000 24 Conversion cost direct labor 25 26 27 Required: 28 Using the weighted average method and the template below, 29 prepare the process costing report for the Mixing Department for February 20YY. 30 31 Cannery Row: Mixing Dept Process Costing Report for February 20YY-Weighted Average 32 33 34 Units 35 Beginning WIP inventory 36 Units started 37 Units to account for 38 Units completed and transferred out 39 Ending WIP inventory 40 Units accounted for $ 98,000 25,000 75,000 Total 1,000 23,000 24.000 20,000 4.000 24.000 Total $ LA 38,000 198,000 236.000 9.83 9,250 12.125 40,000 33,000 62,500 20,000 67,000 Percentage completed Equivalent units Direct materials Conversion Direct materials Conversion 50% 100% 25% 0 2,000 2.000 $ 20,000 1,000 21.000 $ H
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