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FITs mixing department had the following data for the month of July: Production: Units in process, July 1, 80% complete 20,000 gallons Units completed and
FITs mixing department had the following data for the month of July: | |||||||
Production: | |||||||
Units in process, July 1, 80% complete 20,000 gallons | |||||||
Units completed and transferred out 60,000 gallons | |||||||
Units in process, July 31, 25% complete 10,000 gallons | |||||||
Costs: | |||||||
Work in process, July 1 $ 3,525 | |||||||
Costs added during July $10,125 | |||||||
Required to show all calculation steps to | |||||||
1. Calculate an output measure for July. | |||||||
2. Assign costs to units transferred out and EWIP using the weighted average method. |
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