Managerial Accounting HW
- Do 1 chart for the mixing department and another for heating department based on the chart from the last pic
Requirements . Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. . Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Heating Department. Data Table Mixing Department Units to account for: Beginning work-in-process, April 30 40,000 Started in May 75,000 Transferred in during May Total units to account for 115.000 Units accounted for: Completed and transferred out during May 80,000 Ending work-in-process, May 31 35,000 Total units accounted for 115.000 Heating Department 2,000 80,000 82,000 Selected production and cost data of Linda's Design Co. follow for May 2024: lick the icon to view the production and cost data.) On ay 31, the Mixing Department ending Work-inProcess Inventory was 65% complete for materials and 30% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 85% complete for materials and 30% complete for conversion costs. The company uses the weighted-average method. Read the muirements. Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. Complete the partial production cost report below for the Mixing Department, showing the equivalent units of production for direct materials and for conversion costs. Linda's Design Co. Production Cost Report - Mixing Department (Partial) Month Ended May 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for: Total units accounted for More Info 9119121, 4:53 PM Work-in-Process InventoryCutting Balance, May 1 Transfer out to Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Balance, May 1 Transfer in from Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Balance, May 1 Transfer out to Transfer in from Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Finished Goods Inventory Balance, May 1 0 (f) Transfer out to Transfer in from (9) Balance, May 31 4,000 Cost of Goods Sold Balance, May 1 0 Transfer in from (h) Balance, May 31 (i) Complete the missing amounts and labels in the T-accounts. Click the icon to view the T-accounts.) . . . . . Begin with the Work-in-Process-Cutting T-account, then complete each of the remaining T-accounts. (Abbreviations used: COGS = Cost of Goods Sold, FG = Finished Goods, WIP = Work-in-Process) Work-in-Process Inventory-Cutting Balance, May 1 Transfer out to Direct Materials 54,000 Direct Labor 15,000 Manufacturing Overhead 29,000 Balance, May 31 17,000
