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Accounting experts please help. Thumbs up for right answers. roblem 5-18 Interpreting a Report-Weighted-Average Method [LO5-2, L05-3, LO5-4) Cooperative San Jos of southern Sonora state
Accounting experts please help. Thumbs up for right answers.
roblem 5-18 Interpreting a Report-Weighted-Average Method [LO5-2, L05-3, LO5-4) Cooperative San Jos of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in mall 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. A hastily prepared report for the Mixing Department for April appears below. 12.200 31,6ee 44.300 Units to be accounted for: Work in process, April 1 (materials 90% complete; conversion sex complete) Started into production Total units to be accounted for Units accounted for as follows: Transferred to next department Work in process, April 30 (materials 75% complete; conversion ses complete) Total units accounted for 40,300 4,000 44,360 $ Cost Reconciliation Cost to be accounted for Work in process, April 1 Cost added during the month Total cost to be accounted for Cost accounted for as follows Work in process, April 30 Transferred to eat department Total cost accounted for 45,339 125,818 171, 177 $ $ 19.30 160,797 $ 171, 177 Management would like some additional information about Cooperative San Josexoberations Required: What were the Ming Departments equivalent units of production for materials and conversion for Apr 2. What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventory consisted of the following costs materials. 527.940, and conversion CS 12.399. The costs added during the month consisted of 575.980, and conversion cost $49 858 How many of the units transferred out of the Mining Department in April were started and completed during that month 4 of the Ming Department stated Materials prices mped from about $2.05 per un $ 45,339 125,838 $ 171, 177 Work in process, April 1 Cost added during the month Total cost to be accounted for Cost accounted for as follows: Work in process, April 30 Transferred to next department Total cost accounted for $ 10.382 160, 797 171.177 $ Management would like some additional information about Cooperative San Jose's operations. Required: 1. What were the Moxing Department's equivalent units of production for materials and conversion for April? 2. What were the Moving Department's cost per equivalent unit for materials and conversion for April? The beginning inventory consisted of the following costs: materials, $27.940, and conversion cost, $17,399. The costs added during the month consisted of materials, $75,980, and conversion cost, $49,858 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 prices jumped from about $2.05 per unit in March to $2.55 per unit in April, but due to good cost control I was able to hold our materials cost to less than $2.55 per unit for the month. Should this manager be rewarded for good cost control? ansferred out of April, but ager of the M Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 what were the Mixing Department's equivalent units of production for materials and conversion for April Materials Conversion Equivalent units of production Required 2 > Total cost accounted for $ 171, 177 Management would like some additional information about Cooperative San Jose's operations Required: 1. What were the Mixing 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 of the following costs: materials, $27.940, and conversion cost, $17,399. The costs added during the month consisted of materials, $75,980, and conversion cost, $49,858 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 prices jumped from about $2.05 per unit in March to $2.55 per unit in April, but due to good cost control I was able to hold our materials cost to less than $2.55 per unit for the month. Should this manage be rewarded for good cost control? References Complete this question by entering your answers in the tabs below. Show less Required 1 Reqliired 2 Required 3 Required 4 What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventory consisted of the following costs materials, $27,940; and conversion cost, $17,399. The costs added during the month consisted of materials, $75,00; and conversion cost, $49,858. Round your answers to 2 decimal places) Matials Conversion Cost per equivalent unit 125,838 $ 171, 177 Total cost to be accounted for Cost accounted for as follows: Work in process, April 30 Transferred to next department Total cost accounted for $ 10, 380 160,797 $171,177 Management would like some additional information about Cooperative San Jose's operations Required: 1. What were the Mixing 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 of the following costs: materials, $27.940, and conversion cost $17,399. The costs added during the month consisted of materials, $75,980; and conversion cost, $49,858 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 prices jumped from about $2.05 per unit in March to $2.55 per unit in April, but due to good cost control I was able to hold our materials cost to less than $2.55 per unit for the month. Should this manager be rewarded for good cost control? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 How many of the units transferred out of the Mixing Department in April were started and completed during that month Units started and completed during April (Required 2 Required 4 > Step by Step Solution
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