Answered step by step
Verified Expert Solution
Question
1 Approved Answer
9-16. I need clear solution to understand it PROBLEM 9-16 Interpreting a Report-Weighted Average Method L02, Lo3, Lo Cooperative San Jos of southern Sonora state
9-16. I need clear solution to understand it
PROBLEM 9-16 Interpreting a Report-Weighted Average Method L02, Lo3, Lo Cooperative San Jos of southern Sonora state in Mexico makes a unique svun and local herbs. The syrup is sold in small bottles and is prized as a flavorin 102. 103 L04 rupusing cane suga c for drinks and for Chapter 9 use in desserts. The bottles are sold fof $12)each. (The Mexican currency denoted by S.) The first stage in the productin process is carried out in teso fo which removes foreign matter from the raw materials and mixes them in in large vats. The company uses the weighted-average method in its pro hs the p r proportions Mixing Department for April appears below: A hastily prepared report for the 30,000 ....200,000 230,000 Units to be accounted for Work in process, April 1 (materials 90% Started into production 190,000 40,000 ..230,000 Units accounted for as follows: Transferred to next department. Work in process, April 30 (materials Total units accounted for Cost Reconciliation Cost to be accounted for Work in process, April 1 Cost added during the month..... $98,000 827,000 Total cost to be accounted for Cost accounted for as follows: Transferred to next department... Total cost accounted for 119,400 $805,600 .. $925,000 Management would like some additional information about Cooperative San Jos's operations Required: I. What were the equivalent units for the month? 2. What were the costs per equivalent unit for the month? The the following costs: materials, $67,800; and conversion c the month consisted of: materials, $579,000; and co beginning inventory consisted of st,$30,200. The costs added during 3 How many of the units transferred to the next department w 000, S the month? The manager of the Mixing Department stated, "Materials prices jumped from about $2. and completed during r unit in March to $3 per unit in April, but due to good cost control I was able to hold ou materials cost to less than $3 per unit for the month." Should this manager be rewarded for April good cost control? Explain. PROBLEM 9-17 Analysis of Work in Process T-account-Weighted-Average Method Weston Products manufactures an industrial cleaning compound that goe departments- Grinding, Mixing, and Cooking. All raw materials are in work in the Grinding Department. The Work in Process T-arco May is given below [L01, L02, LO3, LOA Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started