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Day Dawn Bakery manufactures pre-mixed flour products (e.g., cake mixes, bread mixes, etc) for the retail market. Flour in milled in the milling process, and

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Day Dawn Bakery manufactures pre-mixed flour products (e.g., cake mixes, bread mixes, etc) for the retail market. Flour in milled in the milling process, and then the various flour-based mixture products are manufactured in subsequent processes. The following information relates to the mixing department, where the flour is heated and sifted and then the mixture ingredients are added at the 75% point in the process. Conversion costs (labour and overheads) are assumed to be incurred evenly throughout the process. At the commencement of August, there were 7,300kgs of mixture in progress, 20% complete. Costs attached to this mixture were $19,750 from the prior milling process, as well as $6,420 for conversion costs incurred in the mixing process so far. During the month of August, a further 41,000kg of flour came into the mixing department from the milling department, with costs attached from that prior department amounting to $110,300. The cost of mixture ingredients in the mixing department for August amounted to $81,490 while conversion costs incurred were $141,800. At the end of August there were 5,100kgs of mixture on hand at the 65% point in the process. Required: Determine the cost of the completed mixture for August, and the cost of the incomplete mixture at the end of August using the FIFO assumption. Show workings

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