Cannery Row - Process costing data for February 2019 Mixing Dept Canning Dept Units (i.e. gallons of product) Beginning Work in progress (WIP) (in gallons). Units started in production this month (in gallons). Units/gallons completed & transferred out during the month Completion percentage at end of month: Ending WIP, direct materials added (%) Ending WIP, conversion work performed (%) 1,000 23,000 20,000 2,000 See Mixing 13,500 50% 25% 10% 75% $ $ Costs Beginning WIP, costs added in prior periods: Transferred in costs Direct materials Conversion cost: direct labor Conversion cost: overhead applied Costs added to process in February 2019: Direct materials Conversion cost: direct labor Conversion cost: overhead applied N/A 12,000 10,000 16,000 33,000 9,250 12,125 40,000 98,000 25,000 75,000 62,500 20,000 67,000 Due to a machine breakdown in the Canning Department, the company faced a backlog of work in this | department during February 2019. Required: 1. Using the data provided above and the template on the next page, prepare the process costing report for the Mixing Department for February 2019 using the weighted average method. 2. Using the data above and your answer from part 1), prepare the process costing report for the Canning Department for February 2019 using the weighted average method. Use the template provided. Equivalent units Direct materials Conversion Cannery Row: Mixing Dept Process Costing Report for February 2019 - Weighted Average Percentage completed Total Direct materials Conversion Units Beginning WIP inventory Units started Units available Units completed ? ? Ending WIP inventory ? ? Units accounted for Total $ Costs Beginning WIP inventory Costs added this month Total costs in process Cost per equivalent unit ($) $ per EU $ per EU Cost assignment Units completed Ending WIP inventory Total costs Equivalent units Transferred in Direct costs materials Conversion Cannery Row: Canning Dept Process Costing Report for February 2019-Weighted Average Percentage completed Total Transferred Direct Conversion in costs materials Units Beginning WIP inventory Units started Units available Units completed ? ? ? Ending WIP inventory ? ? Units accounted for Total $ Costs Beginning WIP inventory Costs added this month Total costs in process Cost per EQ unit ($) $ $ $ Cost assignment Units completed Ending WIP inventory Total costs Equivalent units Direct materials Conversion Cannery Row: Mixing Dept Process Costing Report for February 2019 - Weighted Average Percentage completed Total Direct materials Conversion Units Beginning WIP inventory Units started Units available Units completed ? ? Ending WIP inventory ? ? Units accounted for Total $ Costs Beginning WIP inventory Costs added this month Total costs in process Cost per equivalent unit ($) $ per EU $ per EU Cost assignment Units completed Ending WIP inventory Total costs
