Mixing Department (FIFO)

Cost per equivalent unit for: 3. Direct materials ________________________ 4. Conversion ________________________

AutoSave C A 2 UB Ott Process Costing Partner Assignment - $22-1 - Compatibility Mode - Matt Jones M Insert View Help Comments Share File Home Draw Design Breaks 1: Line Numbers Margins Orientation Size Columns be Hyphenation Layout References Mailings Review Indent Spacing Left: 0 Before: 0pt Right 0 After Opt Paragraph Align Le Group Selection - Position Wrap Bring Send Text Forward Backward Pane Rotate Page Setup Arrange SpotOut Company manufactures an industrial strength pet stain removal solution in two departments, mixing and bottling, Note: The Company sells its product in 8 oz. spray bottles." Ingredients are added throughout the Mixing Department process. However, all bottling materials are in place at the beginning of the Bottling Department process. The company inspects the product for faulty spray bottles and ineffective solution at the end of the bottling process. The normal spoilage rate is 1 percent of good units transferred out to Finished Goods Inventory. The following information for the two departments for the month of January is as follows: Materials Conversion Percent Percent Complete Complete 40% 30% Ounces 36.000 288,000 33,600 Materials Conversion Costs Costs $2.100 $3,100 Mixing Department Work in process, January 1 Transferred to Bottling Work in process, January 31 90% 40% Materials Conversion Percent Percent Bottles Complete Complete 100% 60% 34,500 ) 900 6,100 100% 30% Materials Conversion Costs Costs $6.200 $2.300 Prior Dept Costs S18,000 Bottling Department Work in process, January Transferred to Finished Goods Spoiled Work in process. January 31 5.500 Costs incurred in January Mixing Department Bottling Department Direct Materials $30.800 43.000 Conversion $81,800 27,900 Required: Complete the following information for the month of January for the Mixing and Bottling Departments. Both departments use the FIFO method of process costing. Page 1 of 2 358 words Text Predictions: On Accessibility: Unavailable Focus BE Te + 80% I O W Type here to search A D 10:36 PM 3/14/2022 14 21