Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Old Country Links, Inc. produces sauvages in three production departments Mixing, Casing and Curing, and Packaging in the Mining Department, meats are prepared and ground

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Old Country Links, Inc. produces sauvages in three production departments Mixing, Casing and Curing, and Packaging in the Mining Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force.fed into antings and then hung and cured in climate-controlled smoking chambers in the Packaging Department, the cured sausages are sorted, packed and labeled. The company nes the weighted average method in its process couting system. Data for September for the Casing and Curing Department follow hercent Completed Units Maters Contra Work in process inventory, September 1 2 100 60% SON Work in process inventory. September 100 20 105 Work in process inventory, September 1 Cost added during September Mixing Hotels Conversion $ 12,50220356,740 $ 230,040 23,120 $ 259,175 Mong cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meet mature is processed in the Cosing and Curing Department in batches, each unit in the above table is a batch and one batch of spiced meat mixture produces a set amount of sausages that are passed on to the Packaging Department. During September 140 batches fie units) were completed and transferred to the Packaging Department Required: 1 Determine the Casing and Curing Department's equivalent units of production for mixing materials, and conversion for the month of September 2 Compute the Cosing and Curing Department's cost per equivalent unit for mwing, materials, and conversion for the month of September 3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September 4 Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing materials, conversion, and in total for September 5. Prepare o cost reconciliation report for the Casing and Curing Department for September Complete this question by entering your answers in the tabs below. Determine the Casing and Curing Department's equivalent units of production for mising, materials, and conversion for the month of September (Round your intermediate calculations and final answer to 1 decimal place.) Mixing Materials Conversion Equivalent unts of production Required 2 > Required 1 Required 2 Required 3 Required a Required s Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.) Mading Materials Conversion Cost per equivalent unit MC 4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, mat conversion, and in total for September 5. Prepare a cost reconciliation report for the Casing and Curing Department for September Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.) Mixing Materials Conversion Total Cost of ending work in process inventory Prev 1 of 1 Next search OBH W C Required 1 Required 2 Required Required 4 Required 5 Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.) Mixing Materials Conversion Total Cost of units transferred out Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a cost reconciliation report for the Casing and Curing Department for September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.) Casing and Curing Department Cost Reconciliation Costs to be accounted for Total cost to be accounted for Costs accounted for as follows: Total cost accounted for

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Principles And Practice Of Auditing

Authors: George Puttick, Sandra Van Esch

8th Edition

0702156914, 978-0702156915

More Books

Students also viewed these Accounting questions