Question
Firenze, Inc., manufactures a product that goes through two departments prior to completionthe Mixing Department followed by the Packaging Department. The following information is available
Firenze, Inc., manufactures a product that goes through two departments prior to completionthe Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June. Percent Completed Units Materials Conversion Work in process, beginning 106,000 70% 40% Started into production 503,000 Completed and transferred out 493,000 Work in process, ending 116,000 75% 25% Materials Conversion Work in process, beginning $ 45,500 $ 16,900 Cost added during June $ 488,100 $ 358,940 Required: Assume that the company uses the weighted-average method. 1. Determine the equivalent units of production for June for the Mixing Department. Required: Assume that the company uses the weighted-average method. 1. Determine the equivalent units of production for June for the Mixing Department. 2. Compute the costs per equivalent unit for June for the Mixing Department. (Round your answers to 2 decimal places.) 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. 4. Prepare a cost reconciliation report for the Mixing Department for June.
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