all one question
Saline Solutions usos process costing to account for production of its unique compound BG at its River Plant The River Plant has two departments Rand S Raw materials are added at two points in the production of BG. First, rubber pellets are added at the beginning of production in Department R Next, aliquid thinner is added in Department R when the product is 60 percent complete with respect to conversion costs. Once the basic compound is completed in Department R, it is transferred to Department S for mixing and packaging The following information is available from the River Plant for May (No new material is added in Departments) Department S Production and Costs: May $ 506,814 Beginning inventory (68,000 units, complete with respect to Department 5 costs) Total cost (Department Rand Department 5) costi Beginning inventory Current work (580,000 units started) Department it costs Department 5 costs $3,476,660 1,256,266 The ending inventory has 88,000 units, which are 100 percent complete for Department R costs Required a. Assume that Saline Solutions used weighted average process costing and that the cost per equivalent unit for May for materials in Department is $6.10 and for conversion costs it is $210. Prepare a production cost report for Saline Solutions Department for the month of May b. What is the cost of product transferred out of Department S for May? c. What is the cost of ending inventory in Department Sfor May? Complete this question by entering your answers in the tabs below. Required A Required B Required c Assume that Saline Solutions used weighted average process costing and that the cost per equivalent unit for May for materials in Department 5 is $6.10 and for conversion costs it is $2.10. Prepare a production cost report for Saline Solutions Department S for the month of May. (Round "Cost per equivalent unit to 2 decimal places.) Physical Units Total Equivalent Units Direct Conversion Materials Costs Flow of units Units to be accounted for Beginning WIP inventory Units started this period Total units to account for Units accounted for Completed and transferred out Unitsin ending inventory Packaging Total units accounted for Flow of costs Costs to be accounted for Costs in beginning WP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Materials Conversion Costs accounted for Costs assigned to units transferred out Costs of ending WIP inventory Total costs accounted for my b. What is the cost of product transferred out of Department for May? c. What is the cost of ending Inventory in Department S for May? Complete this question by entering your answers in the tabs below. Required A Required B Required What is the cost of product transferred out of Department S for May? Cost of product transferred out Required: 6. Assume that Saline Solutions used weighted average process costing and that the cost per equivalent un Department Sis $6.10 and for conversion costs it is $2.10. Prepare a production cost report for Saline Solutio month of May b. What is the cost of product transferred out of Department S for May? c. What is the cost of ending inventory in Department S for May? Complete this question by entering your answers in the tabs below. Required A Required B Reagred What is the cost of ending inventory in Department S for May? Cost of ending inventory