Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average method Work in Process Inventory (In Units) Beginning inventory Units started this period Units completed and transferred Ending inventory 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Work in Process Inventory Completion Percentages Beginning Ending 10096 8096 6096 4096 2096 098 Next 20% 096 Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month Conversion Conversion Direct Materials Direct Materials #tableou 1. Prepare a process cost summary for the mixing department, 2. Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? 3. If an error is made and the percentage of completion for units lo ending inventory is overstated. what effect does this have on current period financial statements? Complete this question by entering your answers in the tabs below. Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for -Difference due to rounding cost/unit Unit Reconciliation Units to account for $ 0.00 Total units to account for Total unts accounted for Total unts accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units Materials EUPMaterials 94 Conversion EUP. Conversion Equivalent units of production Cost per EUP Materials Conversion Costs EUP Costs EUP 0 EUP Cost per EUP Total cost Total costs - Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Tots ending work in process Tots Coats for EUP Total cost Cost per EUP $ 0.00 5 0.00 Conversion Conversion Direct Materials Direct Materials * + ableau 1. Prepare a process cost summary for the mixing department. 2 Management's bonus is based on reporting low amounts of Inventory With this bonus system is management more likel overestimate or underestimate completion percentages assigned to each component of ending Inventory? 3. If an error is made and the percentage of completion for units in ending Inventory Is overstated, what effect does this has current period financial statements? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? Completion percentages assigned to each component of ending inventory? 3. Required Require 3 > Direct Materials Direct Materials +ableau 1. Prepare a process cost summary for the mixing department - Management's bonus is based on reporting low amounts of Inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending Inventory? 3. If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on urrent period financial statements? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on current period financial statements? What affect does this have on current period financial statements? (Required 2 Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the welghted average method. Work in Process Inventory (In Units) Beginning inventory Units started this period Units completed and transferred Ending inventory 0 100,000 200,000 300,000 400,000 500,000 500,000 700,000 800,000 Work in Process Inventory Completion Percentages Beginning Ending 100% 80% 60% 40% 20% 096 Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month Conversion Conversion Direct Materials Direct Materials tableau 1. Prepare a process cost summary for the mixing department. 2. Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? 3. If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on current period financial statements? 1. Prepare a process cost summary for the mixing department 2. Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? 3. If an error is made and the percentage of completion for units in ending inventory is overstated. what effect does this nave on current period financial statements? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a process cost summary for the mixing department. (Round "Cost per Eup to 2 decimal places.) Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for Difference due to rounding costunit Unit Reconciliation Units to account for $ 0.00 Total units to account for Total units accounted for Total unes accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units * Materials EUP- Materials % Conversion EUP-Conversion Equivalent units of production Cena FIP Mstarile Curinn Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials 95 Conversion EUP. Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs EUP Costs EUP 0 0 EUP Cost per EUP Total cost =Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP Total cost Cost per EUP 0.00 3 0.00 Reque Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? Completion percentages assigned to each component of ending inventory? Required 1 Required 2 Required 3 If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on current period financial statements? What effect does this have on current period financial statements? Direct Materials Direct Materials +ableau 1. Prepare a process cost summary for the mixing department - Management's bonus is based on reporting low amounts of Inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending Inventory? 3. If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on urrent period financial statements? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on current period financial statements? What affect does this have on current period financial statements? (Required 2 Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the welghted average method. Work in Process Inventory (In Units) Beginning inventory Units started this period Units completed and transferred Ending inventory 0 100,000 200,000 300,000 400,000 500,000 500,000 700,000 800,000 Work in Process Inventory Completion Percentages Beginning Ending 100% 80% 60% 40% 20% 096 Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month Conversion Conversion Direct Materials Direct Materials tableau 1. Prepare a process cost summary for the mixing department. 2. Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? 3. If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on current period financial statements? 1. Prepare a process cost summary for the mixing department 2. Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? 3. If an error is made and the percentage of completion for units in ending inventory is overstated. what effect does this nave on current period financial statements? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a process cost summary for the mixing department. (Round "Cost per Eup to 2 decimal places.) Costs Charged to Production $ 0.00 Total costs to account for Total costs accounted for Difference due to rounding costunit Unit Reconciliation Units to account for $ 0.00 Total units to account for Total units accounted for Total unes accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units * Materials EUP- Materials % Conversion EUP-Conversion Equivalent units of production Cena FIP Mstarile Curinn Total units accounted for Equivalent Units of Production (EUP)-Weighted Average Method Units % Materials EUP-Materials 95 Conversion EUP. Conversion Equivalent units of production Cost per EUP Materials Conversion Total costs Costs EUP Costs EUP 0 0 EUP Cost per EUP Total cost =Equivalent units of production Cost per equivalent unit of production Cost Assignment and Reconciliation Costs transferred out Direct materials Conversion Total transferred out Costs of ending work in process Direct materials Conversion Total ending work in process Total costs accounted for EUP Total cost Cost per EUP 0.00 3 0.00 Reque Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Management's bonus is based on reporting low amounts of inventory. With this bonus system is management more likely to overestimate or underestimate completion percentages assigned to each component of ending inventory? Completion percentages assigned to each component of ending inventory? Required 1 Required 2 Required 3 If an error is made and the percentage of completion for units in ending inventory is overstated, what effect does this have on current period financial statements? What effect does this have on current period financial statements?