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assignment as a pdf file with filename LastNameFirstName.pdf. Problem 1: Lovely Butter (Process Costing) (1.5 points) Lovely Butter produces peanut butter using a two-stage
assignment as a pdf file with filename "LastNameFirstName.pdf". Problem 1: Lovely Butter (Process Costing) (1.5 points) Lovely Butter produces peanut butter using a two-stage process: grinding and packaging. The following information is available in the packaging department for the month of August: Beginning WIP (units) 150 Costs transferred from grinding department $450 Cost of materials in packaging $2,000 (75% completed) Conversion costs (50% $1,000 $3,450 completed) Units transferred in August from grinding department Ending work in process (units) Costs transferred from grinding in August 750 200 $2,625 Conversion costs incurred in August Material costs incurred in August $5,500 $12,000 The ending WIP was 50% complete w.r.t. materials and 25% complete w.r.t. conversion costs. Compute costs transferred out and costs in ending WIP for the packaging department using the weighted average method. Problem 2: Dye Engineering (Service Department Cost Allocation) (1.5 points) Budgeted cost data for the production and service departments of Dye Engineering are as follows:
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