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HOMEWORK 3 - PROCESS COSTING DUE DATE: 09.06 .2023 17-18 Zoro becinning inventory, matorials introdeced in middlo of precess, Roary Chemicals has a mix. ing
HOMEWORK 3 - PROCESS COSTING DUE DATE: 09.06 .2023 17-18 Zoro becinning inventory, matorials introdeced in middlo of precess, Roary Chemicals has a mix. ing department and a refining department Its process-costing system in the mixing department has two direct materials cost categories (chemical P and chemical Q and one conversion costs pool. The following data gertain to the mixing department for July 2012 ChemicalP is introduced at the start of operations in the mixing department, and chemical Q is added when the product is three-fourths completed in the mixing department. Comversion costs are added ovenly during the process. The ending work in process in the mieng deparment is wo-Itirds comblete. 1. Compuse the equivalent unis in the mixing department for July 2012 for each cost eategory. 2. Compute fat the cost of goods completed and transterted to the refining department during July and (b) the cost of work in process as of July 31 .2012 17-18 Zero beginning inventory, materials introduced in middle of process. Roary Chemicals has a mixing department and a refining department Its process-costing system in the mixing department has two direct materials cost categories (chemical P and chemical Q ) and one conversion costs pool. The following data pertain to the mixing department for July 2012 . Chemical P is introduced at the start of operations in the mixing department, and chemical Q is added when the product is three-fourths completed in the mixing department. Corversion costs are added evenly during the process. The ending work in process in the mixing department is two-thirds complete. 1. Compute the equivalent units in the mixing department for July 2012 for each cost category. 2. Compute (a) the cost of goods completed and transferred to the refining department during July and (b) the cost of work in process as of July 31, 2012
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