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Mino Inc manufacturers chocolate syrup in 3 depts: cooking, mixing, and bottling. Mino uses the weighted average method. The following are cost and production data
Mino Inc manufacturers chocolate syrup in 3 depts: cooking, mixing, and bottling. Mino uses the weighted average method. The following are cost and production data for the cooking dept. for April.
Production: 24,500 Units in process, April 1, 60% complete Units completed and transferred out Units in process, April 30, 20% complete 43,000 6,000 Costs: WIP, April 1 $ 95,600 Costs added during April 165,180 Mino Inc. Cooking Department Production Report For the Month of April (Weighted Average Method) Unit Information Physical flow: Units to account for: Units in beginning work in process Units Units started Total units to account for 010 0101 Units accounted for: Units Units completed Units in ending work in process Total units accounted for Equivalent units: Units Units completed Units in ending work in process Total equivalent units Cost Information Costs to account for: Dollars Costs in beginning work in process Costs added by department Total costs to account for Cost per equivalent unit Cost Information Costs to account for Dollars Costs in beginning work in process Couts added by department Total costs to account for Cost per equivalent unit Costs accounted for: Ending Transferred Work in Out Process Total Goods transferred out Goods in ending work in process 0 8 Total costs accounted for Step by Step Solution
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