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beg inv: 551,000 units started: 1,856,000 units completed and transferred: solve ending inv: 580,000 WIP beg: 70% conversion beg: 30% WIP ending: 60% conversion ending:

beg inv: 551,000
units started: 1,856,000
units completed and transferred: solve
ending inv: 580,000
WIP beg: 70%
conversion beg: 30%
WIP ending: 60%
conversion ending: 40%
beg inv direct costs: 1,131,000
beg inv conversion costs: 413,250
added direct: 7,134,000
added conversion: 5,249,000 image text in transcribed
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Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average method. For Firm 3, prepare a production cost report for the mixing department. (Round "Cost per Eup" to 2 decimal places.) Important! Be sure to click the correct Firm at the top of the dashboard. \begin{tabular}{|l|l|l|l|l|} \hline Cost per equivalent unit of production \\ \hline Cost Assignment & EUP & Cost per EUP & Total cost & \\ \hline Completed and transferred out & & & & \\ \hline Direct materials & & & & \\ \hline Conversion & EUP & Cost per EUP & Total cost & \\ \hline & & $ & 0.00 & \\ \hline Ending work in process & & $ & & \\ \hline Direct materials & & & & \\ \hline Conversion & & & & \\ \hline & & & \\ \hline Total costs accounted for & & & \\ \hline \end{tabular} For Firm J, assume the mixing department budgeted conversion costs of $2.80 per equivalent unit for the month. Were the mixing department's actual conversion costs per equivalent unit above or below budgeted amounts? Important! Be sure to click the correct Firm at the top of the dashboard. If an error is made and the percent complete for units in ending inventory is overstated, what effect does this have on current period financial statements? Importanti Be sure to click the correct Firm at the top of the dashboard

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