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A chemical company has two departments: Mixing and Refining. The following information is available for the month of August: Mixing department: Beginning work in process
A chemical company has two departments: Mixing and Refining. The following information is available for the month of August:
- Mixing department: Beginning work in process 10,000 units, started and completed 50,000 units, ending work in process 5,000 units 30% complete
- Refining department: Beginning work in process 15,000 units, started and completed 60,000 units, ending work in process 10,000 units 20% complete
- Costs incurred: Direct materials $150,000, Direct labor $100,000, Manufacturing overhead $75,000
a. Calculate the equivalent units of production for the Mixing and Refining departments. b. Determine the cost per equivalent unit for direct materials, direct labor, and manufacturing overhead. c. Allocate costs to units completed and units in ending work in process for each department. d. Prepare a cost of production report for the Mixing and Refining departments.
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