Chemicals has a mixing department and a refining department. Its process-costing system in the mixing department has two direct materials cost categories (chemical P and chemical Q) and one conversion costs pool. The following data pertain to the mixing department for July

2014:

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Chemical P is introduced at the start of operations in the mixing department, and chemical Q is added when the product is

80%

completed in the mixing department. Conversion costs are added evenly during the process. The ending work in process in the mixing department is

75%

complete.

Requirements

1.	Compute the equivalent units in the mixing department for July 2014 for each cost category.
2.	Compute (a) the cost of goods completed and transferred to the refining department during July and (b) the cost of work in process as of July 31, 2014.

Requirement 1. Compute the equivalent units in the mixing department for July

2014

for each cost category. (Enter a "0" for any zero balances.)

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Equivalent Units

Conversion

Physical Units

Chemical P

Chemical Q

Costs

Work in process, beginning

0

Started during current period

53,500

To account for

53500

Completed and transferred out during current period

39,000

39,000

39000

39,000

Work in process, ending

Accounted for

Equivalent units of work done in current period

Units
Work in process, July 1	0
Units started	53,500
Completed and transferred to refining department	39,000
Costs
Chemical P	$321,000
Chemical Q	156,000
Converstion costs	149,625