Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data Table Gallons Costs Beginning work in process inventory ...... Started production. .. Completed and transferred out to Retort in November .............. Ending work in

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Data Table Gallons Costs Beginning work in process inventory ...... Started production. .. Completed and transferred out to Retort in November .............. Ending work in process inventory (65% of the way through the mixing process) ...... O gallons Beginning work in process inventory ...... 14,300 gallons Costs added during November: Chicken 12,960 13,100 gallons Cream ...... 4,200 Green peppers and mushrooms 5,240 Direct labor 11,400 3,868 1,200 gallons Manufacturing overhead $ 37,668 Total costs.... ............... TULO C U . . . . . . . . . . . . . . . . . . . . . . . . . . . - Print Print Done Done Kun Pow produces canned chicken a la king. The chicken a la king passes through three departments: (1) Mixing, (2) Retort (sterilization), and (3) Packing. In the Mixing Department, chicken and cream are added at the beginning of the process, the mixture is partly cooked, and chopped green peppers and mushrooms are added at the end of the process. Conversion costs are incurred evenly throughout the mixing process. November data from the Mixing Department are as follows: Click the icon to view the data.) Read the requirements. Requirement 1. Fill in the time line for the Mixing Department. Start Complete Complete Requirement 2. Use the time line to help you summarize the flow of physical units and compute the equivalent units. (Hint: Each direct material added at a different point in the production process requires its own equivalent-unit computation.) (For entries with a zero balance, make sure to enter "O" in the appropriate cell(s).) Mixing Department Equivalent Unit Computation Month Ended November 30 Equivalent Units Flow of Physical Units Chicken and Cream Green Peppers and Mushrooms Conversion Costs Flow of Production Units to account for: Units accounted for: Total equivalent units Requirement 3. Compute the cost per equivalent unit for each cost category. (For entries with a $0 balance, make sure to enter "O" in the appropriate cell(s). Round the cost per equivalent unit to the nearest cent.) Kun Pow Mixing Department Cost per Equivalent Unit Month Ended November 30 Chicken and Cost per Equivalent Unit: Cream Green Peppers and Mushrooms Conversion Costs Cost per equivalent unit Requirement 4. Calculate the total cost of the units (a) completed and transferred out to the Retort Department and (b) the units in the Mixing Department's ending work in process inventory. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter "0" in the appropriate cell(s). Round your answers to the nearest whole dollar.) Mixing Department Month Ended November 30 Assigning Costs Chicken and Cream Green Peppers and Mushrooms Conversion Costs Total a. Completed and transferred out: b. Ending work in process: Total costs accounted for Data Table Gallons Costs Beginning work in process inventory ...... Started production. .. Completed and transferred out to Retort in November .............. Ending work in process inventory (65% of the way through the mixing process) ...... O gallons Beginning work in process inventory ...... 14,300 gallons Costs added during November: Chicken 12,960 13,100 gallons Cream ...... 4,200 Green peppers and mushrooms 5,240 Direct labor 11,400 3,868 1,200 gallons Manufacturing overhead $ 37,668 Total costs.... ............... TULO C U . . . . . . . . . . . . . . . . . . . . . . . . . . . - Print Print Done Done Kun Pow produces canned chicken a la king. The chicken a la king passes through three departments: (1) Mixing, (2) Retort (sterilization), and (3) Packing. In the Mixing Department, chicken and cream are added at the beginning of the process, the mixture is partly cooked, and chopped green peppers and mushrooms are added at the end of the process. Conversion costs are incurred evenly throughout the mixing process. November data from the Mixing Department are as follows: Click the icon to view the data.) Read the requirements. Requirement 1. Fill in the time line for the Mixing Department. Start Complete Complete Requirement 2. Use the time line to help you summarize the flow of physical units and compute the equivalent units. (Hint: Each direct material added at a different point in the production process requires its own equivalent-unit computation.) (For entries with a zero balance, make sure to enter "O" in the appropriate cell(s).) Mixing Department Equivalent Unit Computation Month Ended November 30 Equivalent Units Flow of Physical Units Chicken and Cream Green Peppers and Mushrooms Conversion Costs Flow of Production Units to account for: Units accounted for: Total equivalent units Requirement 3. Compute the cost per equivalent unit for each cost category. (For entries with a $0 balance, make sure to enter "O" in the appropriate cell(s). Round the cost per equivalent unit to the nearest cent.) Kun Pow Mixing Department Cost per Equivalent Unit Month Ended November 30 Chicken and Cost per Equivalent Unit: Cream Green Peppers and Mushrooms Conversion Costs Cost per equivalent unit Requirement 4. Calculate the total cost of the units (a) completed and transferred out to the Retort Department and (b) the units in the Mixing Department's ending work in process inventory. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter "0" in the appropriate cell(s). Round your answers to the nearest whole dollar.) Mixing Department Month Ended November 30 Assigning Costs Chicken and Cream Green Peppers and Mushrooms Conversion Costs Total a. Completed and transferred out: b. Ending work in process: Total costs accounted for

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

Management Accounting Principles And Applications

Authors: Hugh Coombs, D Ellis Jenkins, David Hobbs

1st Edition

1412908434, 978-1412908436

More Books

Students also viewed these Accounting questions