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Cravings Cookie Company (CCC) makes low fat cookies. It has three processsing departments - mixing, baking and packaging. The following information pertains to a month
Cravings Cookie Company (CCC) makes low fat cookies. It has three processsing departments - mixing, baking and packaging. The following information pertains to a month for the mixing department, the first process. 0 % Complete Units Materials Conversion Work in Process, beginning 16,000 100% 75% Started into production 154,000 Completed and transferred out 130,000 Work in Process, ending ? 100% 25% Costs Work in process beginning Costs added during the month $ $ 25,200 334,800 24,800 238,700 Required (where possible complete your work in the space immediately below each question. If you need more space insert additional rows. Also, you might want to use the production Assume CCC uses the weighted average method for its process costing system. 1 How many units are in work in process at the end of the month? 2 Prepare a production report for the month that shows equivalent units, cost per equivalent unit and costs transferred out of the mixing department to the baking department. 3 What is the ending balance in the Work in Process Inventory account for the mixing department? 4 What is the journal entry that CCC would need to record the transfer of costs from the mixing department to the baking department
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