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Numbers for the graphs: Work in Process Inventory: a)Beginning inventory: 190,000 b) Units started this period: 640,000 c) Units completed & transferred: solve for this
Numbers for the graphs:
Work in Process Inventory:
a)Beginning inventory: 190,000
b) Units started this period: 640,000
c) Units completed & transferred: solve for this value
d) ending inventory: 200,000
WIP COMPLETION PERCENTAGE
beginning direct materials - 70%
beg. conversion - 30 percent
ending direct materials - 60 percent
ending conversion - 40 percent
WIP COSTS
Beginning inventory costs: materials = 390,000 & conversion- 142500
inventory costs adding during the month = direct materials- 2,460,000 &conversion - 1810000
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 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Work in Process Inventory Completion Percentages Beginning Ending 100% 80% 60% 40% 20% 0% 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 1. Compute the total equivalent units of production for direct materials and conversion. 2. Compute the costs per equivalent unit of production. 3. Assign costs to the mixing department's output (units transferred to bottling and ending work in process inventory). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total equivalent units of production for direct materials and conversion. Direct materials Conversion Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the costs per equivalent unit of production. (Round your answers to 2 decimal places.) Direct materials per EUP Conversion per EUP Required 1 Required 2 Required 3 Assign costs to the mixing department's output (units transferred to bottling and ending work in process inventory). (Round "Cost per EUP" to 2 decimal places.) Cost Assignment and Reconciliation Cost of units transferred out EUP Cost per EUP Total cost Direct materials Conversion Total costs transferred out EUP Cost per EUP 0.00 Costs of ending work in process Direct materials Conversion Total costs of ending work in process Total costs assigned Total cost 0.00 0.00 0.00Step by Step Solution
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