55

behinnging inventory - 190,000 units

units started this period - 640,000

ending inventory - 200,000

beginning box icon - 70%

beginning people icon - 30%

ending box icon - 60%

ending people icon - 40%

beginning inventory costs oragne - $390,000

yellow - $ 142,500

during month orange -$2,460,000

yellow - $1,810,000

Monsta Cola hires us to help assign and report costs. The company has two departments, mixing and botting. To ad our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average method. Work in Process Inventory (In Units) Beginning inventory Units started this period Units completed and transferred Ending inventory 0 100,000 200.000 300,000 400.000 S00,000 500.000 700.000 800.000 Work in Process Inventory Completion Percentages Beginning Ending 100% 80% 60% 4096 ji 2096 09 Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Mon Conversion Conversion Direct Materials Direct Materials 1. Prepare a process cost summary for the mixing department 2. Management's bonus is based on reporting tow amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? 3. If an error is made and the percentage of completion for unitsin ending inventory is overstated, what effect does this have on current period financial statements? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a process cost summary for the mixing department. (Round "Cost per Eup to 2 decimal places Costs Charged to Production Total costs to account for Total costs accounted for Difference due to rounding costunin Unit Reconciliation Units to account for Total units to account for Total units accounted for Total units accounted for Equivalent Units of Production (EUP). Weighted Average Method Units * Materials EUP.Materials Conversion EUP.Corso Equivalent units of production Cost per CUP Material Conversion Costs EUP Costs EUP EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct mana Conversion Total ending work in process Total costs accounted for EUP Cost per EUP Total cost Required 2 >