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Brokia Electronics manufactures various types of cell phones and uses process costing. For the current month, information concernin the Finishing Department appear below: Equivalent units
Brokia Electronics manufactures various types of cell phones and uses process costing. For the current month, information concernin the Finishing Department appear below: Equivalent units in ending work in process inventory Cost per equivalent unit Materials 2,140 $ 13.96 Conversion 880 $ 5.23 A total of 20,300 units were completed and transferred to the next processing department during the period. Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total. (Round your final answers to the nearest whole dollar amount.) Materials Conversion Total 1. Cost of ending work in process inventory 2. Cost of units transferred out The Great American Cookie Company produces a variety of cookies and uses a process costing system. The company uses the weighted-average method and one of its processing departments is the Mixing Department. For the month of July, the cost of beginning work in process inventory was $4,890, the cost of ending work in process inventory was $1,100, and the cost added to production was $25,600. Required: Prepare a cost reconciliation report for the Mixing Department for July. Mixing Department Cost Reconciliation Costs to be accounted for: Total cost to be accounted for $ 0 Costs accounted for as follows: Total cost accounted for $ 0
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