Question
Can you please help me with the formulas? Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average
Can you please help me with the formulas?
Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.):
Production:
Units in process, April 1, 60% complete35,000
Units completed and transferred out46,000
Units in process, April 30, 20% complete6,000
Costs:WIP, April 1$ 95,600
Costs added during April366,960
Help pleas with aproduction report for the cooking department. Round cost per equivalent unit value to the nearest cent and use rounded value in intermediate calculations.
Unit Information
Physical flow:
Units to account for: Units
Units in Beginning work in process ____________
Units Started ____________
Totally units to account for ____________
Units Accounted for: Units
Units completed ____46000_______
Units in ending work in process ___6000________
Total Units accounted for ____52000_______
Equivalent units: Units
Units completed _____46000_______
Units in ending work in process ________________
Total equivalent units ________________
Cost Information:
Cost to account for:
Dollars
Costs in beginning work in process $__________________
Costs added by department __________________
Total costs to account for $__________________
Cost per equivalent unit $______9.8_____________
Costs accounted for:
Transferred Out Ending Work in Process Total
Goods transferred out $__450800____ $_450800__________
Goods in ending work in process$____________________________
Total costs accounted for$___450800________$_____________$_____________________
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