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a. Using the FIFO method, present the following for the mixing department: 1) Step 2: Period's output in equivalent units 2) Step 3: Unit cost
a. Using the FIFO method, present the following for the mixing department: 1) Step 2: Period's output in equivalent units 2) Step 3: Unit cost (if rounding is needed, round to two decimal points). 3) Step 4 (partial): Cost of the EWIP (no need to present the cost of units completed; If rounding is needed, round to the nearest dollar). b. Using the weighted average method, present the following for the mixing department: 1) Step 2: Period's output in equivalent units 2) Step 3: Unit cost (if rounding is needed, round to two decimal points). 3) Step 4 (partial): Cost of completed units (no need to present the cost of EWIP; If rounding is needed, round to the nearest dollar). Paragraph Arial 3 (12pt) T- T T TH Mashups F HTML CSS 13,750 15,750 Units Started Units to account for completed 15,000 Units in EWIP 4,500 Units Jaccounted for 19,500 119,500 Beginning inventory was 100% complete in materials and 40% complete in conversion. The ending inventory was 100% complete in materials, and 50% complet incurred during October were $157,500 in materials and $236,250 for conversion. The beginning inventory had a cost of $41,400 in materials and $25,950 in con Required: a. Using the FIFO method, present the following for the mixing department: 1) Step 2: Period's output in equivalent units 2) Step 3: Unit cost (if rounding is needed, round to two decimal points). 3) Step 4 (partial): Cost of the EWIP (no need to present the cost of units completed; If rounding is needed, round to the nearest dollar). b. Using the weighted average method, present the following for the mixing department: Question Completion Status: A Moving to another question will save this response. Question 14 >> Free-response question #1: Process Costing 22 points Save Answer The Transa Company produces bottled soft drinks. Following is the physical flow of units (step 1 in the production cost report) for the mixing process (which is the first process) for the month of October: Units completed from BWIP 3,750 Units started and completed 11.250 Total units completed 15,000 Units in EWIP 4.500 Units accounted for 19,500 Units in BWIP Units Started Units to account for 3.750 15,750 119,500 Beginning inventory was 100% complete in materials and 40% complete in conversion. The ending inventory was 100% complete in materials, and 5096 complete in conversion. Costs incurred during October were $157,500 in materials and $236,250 for conversion. The beginning inventory had a cost of $41,400 in materials and $25,950 in conversion. Required: a. Using the FIFO method, present the following for the mixing department
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