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Honeybutter, Inc., manufactures a product that goes through two departments prior to completion the Mixing Department followed by the Packaging Department. The following information is
Honeybutter, Inc., manufactures a product that goes through two departments prior to completion the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June.
Honey butter, Inc., manufactures a product that goes through two departments prior to completion- the 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 46,000 70% Work in process, beginning 40% Started into production 248,000 Completed and transferred out 238,000 Work in process, ending 56.000 75% 25% Materials Conversion Work in process, beginning 15,100 4,400 Cost added during June 161,300 93,880 Required Assume that the company uses the weighted-average method. 1. Determine the equivalent units for June for the Mixing Department. Materials Conversion Equivalent units of production 2. Compute the costs per equivalent unit for June for the Mixing Department. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. (Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.) Total Cost of ending work in process inventory Cost of units completed and transferred out 8:19 PM 7/7/2016
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