Company A manufactures a high quality plastic pipe I two departments, cooking and molding. Materials are introduced at various points during the work in the cooking department. After the cooking is completed, the materials are transferred into the molding department, in which pipe is formed. Materials are accounted for in the cooking department on a pound basis. Conversion cost are incurred evenly during the cooking process.

Production data:

Pounds in process, May 1: 100% complete as to materials,

90% complete as to conversion costs..70,000

Pounds started into production during May..350,000

Pounds completed and transferred to molding.?

Pounds in process, May 31: 75% complete as to materials, 25% complete as to

Conversion costs.40,000

Cost data:

Work in process inventory, May 1:

Materials cost86,000

Conversion cost..36,000

Cost added during May:

Materials cost447,000

Conversion cost.198,000

The company uses the weighted-average method to account for units and costs.

Following the steps in doing the process costing for the Cooking dept

First fill in the T-Account for May: WORK IN PROCESS-COOKING

Steps:

1. Determine the units to account for
2. Find the units to account for
3. Summarize the cost to account for
4. Get the equivalent units and the unit costs
5. Assign the costs and get the cost accounted for
6. Prepare the journal entry at the end of May for completed unites