Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6-39 Weighted-Average Method Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing


image

6-39 Weighted-Average Method Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August: Work-in-process inventory, August 1 Conversion: 80% complete 34,000 units Work-in-process inventory, August 31 Conversion: 50% complete 30,000 units Units started into production 66,000 Units completed and transferred out Costs ? Work-in-process inventory, August 1 Material X Material Y Conversion Costs added during August Material X Material Y Conversion $ 64,800 88,100 119,880 152,700 135,900 305,120 Material X is added at the beginning of work in the mixing department. MaterialY is also added in the mixing department, but not until product units are 60% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method. Required 1. Calculate equivalent units of material X, material Y, and conversion for the mixing department. 2. Calculate costs per equivalent unit for material X, material Y, and conversion. 3. Calculate the cost of units transferred out. 4. Calculate the cost of ending work-in-process inventory.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management A Strategic Emphasis

Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins

6th Edition

78025532, 978-0077523732, 77523733, 978-0078025532

More Books

Students also viewed these Accounting questions

Question

Where do you see yourself in 5/10 years?

Answered: 1 week ago

Question

1. What is the purpose of hypothesis testing?

Answered: 1 week ago