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Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data
Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April Note: Assume that units are measured in gallons.:
Production:
Units in process, April complete
Units completed and transferred out
Units in process, April complete
Costs:
WIP, April $
Costs added during April
Required:
Prepare a production report for the cooking department. Round cost per equivalent unit value to the nearest cent and use rounded value in intermediate calculations.
Mino Inc.
Cooking Department Production Report
For the Month of April Weighted Average Method
Unit Information
Physical flow:Number of Units
Units to account for: Units
Units in beginning work in process fill in the blank
Units started fill in the blank
Total units to account for fill in the blank
Units accounted for: Units
Units completed fill in the blank
Units in ending work in process fill in the blank
Total units accounted for fill in the blank
Equivalent units: Units
Units completed fill in the blank
Units in ending work in process fill in the blank
Total equivalent units fill in the blank
Cost Information
Costs to account for: Dollars
Costs in beginning work in process $fill in the blank
Costs added by department fill in the blank
Total costs to account for $fill in the blank
Cost per equivalent unit $fill in the blank
Costs accounted for:
Transferred Out Ending Work in Process Total
Goods transferred out $fill in the blank
$fill in the blank
Goods in ending work in process $fill in the blank
fill in the blank
Total costs accounted for $fill in the blank
$fill in the blank
$fill in the blank
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