Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Old Country Links, Incorporated, produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and

Old Country Links, Incorporated, produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. In the Mixing 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 casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted- average method in its process costing system. Data for September for the Casing and Curing Department follow: Percent Completed Work in process inventory, September 1 Work in process inventory, September 30 Units 8 Mixing 100% Materials 60% Conversion 50% 8 100% 20% 18% work in process inventory, September 1 Cost added during September Mixing $ 18,864 $276,546 Materials $ 24 $ 28,573 Conversion $ 1,648 $ 144,512 Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing 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, 121 batches (ie. units) were completed and transferred to the Packaging Department. Required Required 1 Required 2 Required 3 Required 4 Required 5 Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September. (Round your intermediate calculations and final answers to 1 decimal place.) Equivalent units of production Mixing Materials Conversion Required 1 Requited 2 Required 3 Required 4 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.) Mixing Materials Conversion Cost per equivalent unit 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.) Cost of ending work in process inventory Mixing Materials Conversion Total Required 1 Required 2 Required 3 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.) Cost of units transferred out Mixing Materials Conversion Total 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 Costs to be accounted for: Cost Reconciliation Total cost to be accounted for Costs accounted for as follows: 69 $ 0 Total cost accounted for $ 0 13

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

Bookkeeping And Cost Accounting For Factories

Authors: William Kent, John Wiley And Sons, Chapman And Hall

1st Edition

102189897X, 978-1021898975

More Books

Students also viewed these Accounting questions

Question

Compute the derivative f(x)=(x-a)(x-b)

Answered: 1 week ago

Question

9. Power and politics can be destructive forces in organizations.

Answered: 1 week ago