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Good Bakes uses a mixing department and a baking department in producing its cake. Its process-costing system in the mixing department has two direct
Good Bakes uses a mixing department and a baking department in producing its cake. Its process-costing system in the mixing department has two direct materials cost categories (cake mix and flavorings) and one conversion cost pool. The following data pertain to the mixing department for April 2020: (Click the icon to view the mixing department data.) (Click icon to view additional information.) Read the requirements. Requirement 1. Compute the equivalent units in the mixing department for April ZUZU for each cost category. (Complete all input fields. Enter a v for any zero balances.) Work in process, beginning Started during current period To account for Equivalent Units Cake Physical Units Mix Flavorings Conversion Costs 0 16,000 Completed and transferred out during current period 13,700 Work in process, ending Accounted for Equivalent units of work done in current period Requirement 2. Compute (a) the cost of goods completed and transferred to the baking department during April and (b) the cost of work in process as of April 30, 2020. Begin by computing the cost per equivalent unit for each cost category. (Round the cost per equivalent unit to the nearest cent.) Cake Mix Flavorings Conversion Costs Divide by Cost per equivalent unit (a) Determine the formula, then compute the cost of goods completed and transferred to the baking department during April for each cost category. Cost of goods completed and transferred out Cake Mix Flavorings Conversion costs (b) Determine the formula, then compute the cost of work in process as of April 30, 2020 for each cost category. (Complete all input fields. Enter a 0 for any zero balances.) Cake Mix Flavorings Conversion costs Cost of work in process as of April 30, 2020 Data table Work in process, April 1 Started in April Completed and transferred to baking Costs: 16,000 pounds 13,700 pounds Cake mix Flavorings $ 56,000 S 6,850 Conversion costs $ 43,170 More info Print Done The cake mix is introduced at the start of operations in the mixing department, and the flavorings are added when the product is 40% completed in the mixing department. Conversion costs are added evenly during the process. The ending work in process in the mixing department is 30% complete. Print Done
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