Cost of Production Report; Equivalent Units Fizz Pop produces one product (a soft drink) that flows through two departments, mixing and bottling. Costs in Work-in-process inventory on 1 March included K4,000 of materials and K2,500 of conversion costs. Costs added during March included K50,000 of materials and K35,000 of conversion costs. A production report for the Mixing department for March showed the following information: Percentage complete Units Materials Conversion Work in process, 1 March 50,000 Units started in production in March 600,000 Total units in production in March 650,000 Units completed & transferred out in March 570,000 Work in process, 31 March 80,000 100% 50% Required: Calculate the total and unit costs for March. Also calculate the amount of cost transferred to the Bottling department during March and the amount of work in process on 31 March for the Mixing Department. E

Cost of Production Report; Equivalent Units Fizz Pop produces one product (a soft drink) that flows through two departments, mixing and bottling. Costs in Work-in-process inventory on 1 March included K4,000 of materials and K2,500 of conversion costs. Costs added during March included K50,000 of materials and K35,000 of conversion costs. A production report for the Mixing department for March showed the following information: Percentage complete Units Materials Conversion 50,000 Work in process, 1 March Units started in production in March 600,000 Total units in production in March Units completed & transferred out in March 570,000 650,000 100% Work in process, 31 March 80,000 50% Required: Calculate the total and unit costs for March. Also calculate the amount of cost transferred to the Bottling department during March and the amount of work in process on 31 March for the Mixing Department