ACC1200 901 Fall 2022 Manag X Question 2 - PROJECT I - Conn X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... J * * 0 M Gmail My Drive - Google... YouTube Maps Canvas Other Bookmarks PROJECT I i Saved Help Save & Exit Submit Check my work 2 Problem 4-18 (Algo) Interpreting a Report-Weighted-Average Method [LO4-2, LO4-3, LO4-4] 50 Cooperative San Jose of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in points small bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. The first stage in the production process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them in the proper proportions in large vats. The company uses the weighted-average method in its process costing system. eBook A hastily prepared report for the Mixing Department for April appears below: References Units to be accounted for: Work in process, April 1 (materials 90% complete; conversion 80% complete) 5, 000 Started into production 29, 000 Total units to be accounted for 34, 000 Units accounted for as follows: Transferred to next department 30 , 000 Work in process, April 30 (materials 75% complete; conversion 50% complete) 4, 000 Total units accounted for 34, 000 Cost Reconciliation Cost to be accounted for: Work in process, April 1 $ 13, 400 Cost added during the month 87 , 800 Total cost to be accounted for $ 101, 200 Cost accounted for as follows: Work in process, April 30 $ 8, 200 Transferred to next department 93 , 000 Total cost accounted for $ 101, 200 Mc Grav Hill0 '3} ACClZOO 901 Fall2022 Manag x 9 Questionz- PROJECTI-Cov x + v 6 C i ezto,mheducation,com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... (3 it I I] . E 3 Other Bookmarks M Gmail L My Drive~Google.. a YouTube 9 Maps PROJECTI 0 Saved Help Save& Exit Submit conversion 80% complete) 5,000 Started into production 29,000 Total units to be accounted for 34,000 Units accounted for as follows: Transferred to next department 30,000 50 Work in process, April 30 (materials 75$ complete; points conversion so: complete) 4,000 Total units accounted for 34,000 Cost Reconciliation Cost to be accounted for: Remenm Work in process, April 1 5 13,400 Cost added during the month 87,800 Total cost to be accounted for $ 101,200 Cost accounted for as follows: Work in process, April 30 $ 9,200 Transferred to next department 93,000 Total cost accounted for $ 101,200 eEook Management would like some additional information about Cooperative San Jose's operations. Required: 1. What were the Mi ing Department's equivalent units of production for materials and conversion for April? 2. What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventory consisted ofthe following costs: materials, $9,000: and conversion cost, $4,400. The costs added during the month consisted of: materials, $57,000; and conversion cost, $30,800. 3. How many of the units transferred out of the Mixing Department in April were started and completed during that month? 4. The manager of the Mixing Department stated, \"Materials pricesjumped from about $1.80 per unit in March to $2.30 per unit in April, but due to good cost control I was able to hold our materials cost to less than $2.30 per unit for the month," Should this manager be rewarded for good cost control? % Mc Grav Hill