Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kun Pow produces canned chicken a la king. The chicken a la king passes through three departments (1) Mixing, (2) Retort (sterilization), and (3) Packing

Kun Pow produces canned chicken a la king. The chicken a la king passes through three departments (1) Mixing, (2) Retort (sterilization), and (3) Packing In the Mixing Department, chicken and cream are added at the beginning of the prom the mixture is party cooked, and chopped green peppers and mushrooms are added at the end of the process. Conversion costs are incurred evenly throughout the mixing process. November data from the Mixing Department are as follows (Click the icon to view the data) Read the requirements Requirement 1. F in the time line for the Mixing Department Start Complete Complete Requirement 2. Use the time line to help you summarize the flow of physical units and compute the equivalent units (Hire Each direct material added at a different point in the production process requires its own equivalent unit computation) (For entries with a zero balance, make sure to enter "0" in the appropnate cat Mixing Department Equivalent Unit Computation Month Ended November 30 Flow of Equivalent Units Read the requirements Requirement 2. Use the time line to help you summarize the flow of physical units and compute the equivalent units. (Hint: Each direct material added at a different point in the production process requires its ow (For entries with a zero balance, make sure to enter "0" in the appropriate cells).) Mixing Department Equivalent Unit Computation Month Ended November 30 Flow of Production Units to account for Units accounted for Flow of Physical Units Chicken and Cream Equivalent Units Green Peppers and Mushrooms Conversion Costs Total equivalent units Remuirement 3. Come the net ner ansivalent und for each net natenney (For entries with a Sn halanne make in anter in the annmnriate nas Round the enat er avalent unit to the nearest cent (Click the icon to view the data.) Read the requirements and of the process. Conversion costs are incurred evenly throughout the mixing process. November dat Requirement 3. Compute the cost per equivalent unit for each cost category. (For entries with a $0 balance, make sure to enter "0" in the appropriate cell(s). Round the cost per equivalent unit to the Kun Pow Mixing Department Cost per Equivalent Unit Month Ended November 30 Cost per Equivalent Unit: Chicken and Cream Green Peppers and Mushrooms Conversion Costs Cost per equivalent unit Requirement 4. Calculate the total cost of the units (a) completed and transferred out to the Retort Department and (b) the units in the Mixing Department's ending work in process inventory (Enter quar amounts in the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter "0" in the appropriate cell(s). Round your answers to the nearest whole dollar) Mixing Department Month Ended November 30 Requirement 4. Calculate the total cost of the units (a) completed and transferred out to the Retort Department and (b) the units in the Mixing Department's ending work in prom amounts in the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter "0" in the appropriate cell(s). Round your answers to the new Mixing Department Month Ended November 30 Assigning Costs a. Completed and transferred out: b. Ending work in process: Total costs accounted for Chicken Green Peppers Conversion and Cream and Mushrooms Costs Total Data table Gallons Costs - X we king De Beginning work in process inventory 0 gallons 0 of the u in the Started production 14,100 gallons Beginning work in process inventory Costs added during November: quantities first, then th Completed and transferred out to Retort in November 13,000 gallons Chicken 16,950 Ending work in process inventory (60% of the way through the mixing process)... 1,100 gallons Cream 4,200 Green peppers and mushrooms Direct labor 9,100 11,600 Manufacturing overhead 3,426 $ 45,276 Total costs Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial And Managerial Accounting

Authors: James Don Edwards, Roger H. Hermanson

1st Edition

0256130000, 978-0256130003

More Books

Students also viewed these Accounting questions