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Arsenio Company manufactures a single product that goes through the mixing department for August: two processes, mixing and cooking. The following data pertain to Work-in-process
Arsenio Company manufactures a single product that goes through the mixing department for August: two processes, mixing and cooking. The following data pertain to Work-in-process inventory, August 1 Conversion: 70% complete Work-in-process inventory, August 31 Conversion: 50% complete 37,000 units 36,000 units 63,000 Units started Units completed and transferred out Costs Work-in-process inventory, August 1 Material X 58,100 84,000 118,120 Material Y Conversion Costs added during August Material X 151,500 146,400 Material Y Conversion 177,080 Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 60% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method. Required: 1.& 2. Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department. 3. Calculate the cost of units transferred out. 4. Calculate the cost of the ending Work-in-Process Inventory. Complete this question by entering your answers in the tabs below. Req 3 Req 1 and 2 Req 4 Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department. (Round "Cost per Equivalent Unit" answers to 2 decimal places.) Material Y Material X Conversion Equivalent Units Cost per Equivalent Unit Req 3 KReq 1 and 2 Req 1 and 2 Req 3 Req 4 Calculate the cost of units transferred out. (Do not round intermediate calculations.) Cost of Units Transferred Out Req 1 and 2 Req 4 Req 1 and 2 Req 3 Req 4 Calculate the cost of the ending Work-in-Process Inventory. (Do not round intermediate calculations.) Cost of Ending Work-in-Process Req 3 Req 4
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