Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cooperative San Jos of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in small

image text in transcribedimage text in transcribed

Cooperative San Jos of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in small bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. The first stage in the production process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them in the proper proportions in large vats. The company uses the weighted-average method in its process costing system A hastily prepared report for the Mixing Department for April appears below Units to be accounted for: work in process, April 1 (materials 90% complete ; conversion 80% complete) Started into production 13,700 34,300 48,000 Total units to be accounted for Units accounted for as follows: Transferred to next department work in process, April 30 (materials 75% complete ; 36,800 11,200 48,000 conversion 50% complete) Total units accounted for Cost Reconciliation Cost to be accounted for: $ 49,731 129,773 Work in process, April l Cost added during the month Total cost to be accounted for Cost accounted for as follows: $ 179,504 Work in process, April 30 $ 30,464 Transferred to next department149,040 179,504 Total cost accounted for Management would like some additional information about Cooperative San Jos's operations Required 1. What were the Mixing Department's equivalent units of production for materials and conversion for April? 2. What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventory consisted of the following costs: materials, $35,346; and conversion cost, $14,385. The costs added during the month consisted of materials, $90,310; and conversion cost, $39,463 3. How many of the units transferred out of the Mixing Department in April were started and completed during that month? 4. The manager of the Mixing Department stated, "Materials prices jumped from about $2.40 per unit in March to $2.90 per unit in April, but due to good cost control I was able to hold our materials cost to less than $2.90 per unit for the month." Should this manager be rewarded for good cost control? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Show less Required 1 Required Required 3 Required 4 How many of the units transferred out of the Mixing Department in April were started and completed during that month? its started and completed during April 45,200 Required 2 Required 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Scientist Audits The Earth

Authors: Stuart L Pimm

1st Edition

0813535409, 978-0813535401

More Books

Students also viewed these Accounting questions

Question

3. Define the attributions we use to explain behavior

Answered: 1 week ago