Nonuniform Inputs, Weighted Average Carter Inc. had the following production and cost information for its fabrication department during April (with materials added at the beginning of the fabrication process): 10,000 Production: Units in process, April 1, 50% complete with respect to conversion Units completed Units in process, April 30, 60% complete Costs: 65,200 12,000 Work in process, April 1: $40,980 Materials Conversion costs 15,600 Total $56,580 Current costs: Materials $125,000 Conversion costs 210,000 Total $335,000 Carter uses the weighted average method. Required: Required: 1. Prepare an equivalent units schedule. Carter Inc. Schedule of Equivalent Units (Weighted Average Method) Materials Units completed 65,200 Add: Units in ending WIP x Percent complete 12,000 x 100 % 12,000 12,000 x % Conversion 65,200 60 7,200 Equivalent units of output 77,200 72,400 2. Calculate the unit cost. Round all intermediate calculations and final answer to the nearest cent. 2.3 X per unit s 3. Calculate the cost of units transferred out and the cost of EWIP. In your calculations round unit cost to the nearest cent and your final answers to the nearest dollar. Cost transferred out $ 342,952 x Cost of ending work in process $ Feedback Chaabi More Transferred-In Cost Powers Inc. produces a protein drink. The product is sold by the gallon. The company has two departments: Mixing and Bottling. For August, the bottling department had 62,700 gallons in beginning inventory (with transferred-in costs of $283,000) and completed 202,000 gallons during the month. Further, the mixing department completed and transferred out 281,000 gallons at a cost of $608,000 in August. Required: 1. Prepare a physical flow schedule for the bottling department. Powers Inc. Physical Flow Schedule - Bottling Department For the Month of August Physical flow schedule: Units in beginning work in process 62,700 Units started during the period Total units to account for 202,000 X Units completed and transferred out: Units started and completed Units completed from beginning work in process Units in ending work in process Total units accounted for Feedback 2. Calculate equivalent units for the transferred-in category. equivalent units 3. Calculate the unit cost for the transferred-in category. If required, round your answer to the nearest cent. per unit $ Feedback First-In, First-Out Method; Equivalent Units Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information: Production: Units in process, July 1, 80% complete Units completed and transferred out Units in process, July 31, 75% complete 40,000 gallons 260,000 gallons 16,000 gallons Costs: Work in process, July 1 Costs added during July Required: $ 64,000 520,000 1. Calculate the equivalent units for July. equivalent units 2. Calculate the unit cost. Round your answer to the nearest cent. $ per unit 3. Assign costs to units transferred out and EWIP using the FIFO method. Note: Do not round interim computations. Cost of units transferred out Ending work in process $ $ (Appendix 6A) FIFO; Production Report Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information: Production: Units in process, July 1, 60% complete 20,000 gallons Units completed and transferred out 134,000 gallons Units in process, July 31, 45% complete 20,000 gallons Costs: Work in process, July 1 $40,000 Costs added during July 327,500 Required: Prepare a production report. Aztec Inc. Mixing Department Production Report For the Month of July (FIFO Method) Unit Information Physical flow: Units to account for: Units Units in beginning WIP 20,000 Units started 134,000 Total units to account for 154,000 Units to account for: Units Units to account for: Units 114,000 20,000 20,000 154,000 Units started and completed From beginning WIP Units in ending WIP Total units to account for Equivalent units: Started and completed To complete beginning WIP Units in ending WIP Total equivalent units Units 114,000 9,000 174,000 X Cost Information Costs to account for: Dollars 40,000 Costs in beginning WIP Costs added by department Total costs to account for Cost per equivalent unit Costs accounted for: $ Total 40,000 X Transferred out: Units started and completed Units in beginning work in process: From prior period From current period Total cost transferred out Goods in ending work in process Total costs accounted for 40,000 X 40,000 X