Managerial Accounting Sandlot, Inc produces organic pet foods The following report was produced for the mixing department of its high end dog food By looking at the report, answer the following questions How many units were completed and transferred to the next department What was the percentage of completion of the conversion work for the ending work in process units What was the total cost to account for How was the cost of goods transferred to the next department, $17,141,250, determined How was the cost of goods still in process, $3,610,375, determined Is it logical that Sandlot uses a process costing system to track its costs Why or why not Materials Conversion Completed Units 2,625,000 2,625,000 WIP Units 850,000 382,500 Equiv Units 3,475,000 3,007,500 Materials Conversion Beg WI P Costs $1,260,000 $3,650,000 February Costs 7,010,500 8,831,125 Costs to account for $8,270,500 $12,481,125 Equiv Units 3,475,000 3,007,500 Cost per Equiv Unit $2 38 $4 15 cost of goods completed and transferred out $17,141,250 cost of ending WIP in molding department $3,610,375

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Managerial Accounting Sandlot, Inc. produces organic pet foods. The following report was produced for the mixing department of its high-end dog food. By looking at

Managerial Accounting

Sandlot, Inc. produces organic pet foods. The following report was produced for the mixing department of its high-end dog food. By looking at the report, answer the following questions:

How many units were completed and transferred to the next department?
What was the percentage of completion of the conversion work for the ending work in process units?
What was the total cost to account for?
How was the cost of goods transferred to the next department, $17,141,250, determined?
How was the cost of goods still in process, $3,610,375, determined?
Is it logical that Sandlot uses a process costing system to track its costs? Why or why not?

Materials Conversion Completed Units 2,625,000 2,625,000 WIP Units 850,000 382,500 Equiv. Units 3,475,000 3,007,500 Materials Conversion Beg. WI P Costs $1,260,000 $3,650,000 February Costs 7,010,500 8,831,125 Costs to account for $8,270,500 $12,481,125 + Equiv. Units + 3,475,000 + 3,007,500 Cost per Equiv. Unit $2.38 $4.15 cost of goods completed and transferred out $17,141,250 cost of ending WIP in molding department $3,610,375