p4-2a. monroe company

amounts for the Blending Department: 18200 (a 96.000 77300 36,700 Number of units in the January 31 inventory. Equivalent units for materials and conversion costs, January cost per equivalent unit for materials and conversion costs, Cost of the units transferred to the Bottling Department e Cost of the incomplete units in the January 31 inventory. P4.2A. Calculate Equivalent Units, Unit Costs, and Transferred Costs-Weighted Average Method Mon- LO3, 4 roe Company processes a food seasoning powder through its Compounding and Packaging departments. In the Compounding Department, direct materials are added at the beginning of the process, and di- X rect labor and manufacturing overhead are incurred evenly throughout the process. Monroe uses the weighted average method. Costs in the Compounding Department can be summarized as follows: X ITTI IMDB process $ 980 4,100 TS. Inventory, August 1, 2019 (2,000 units, 40% complete) Direct materials Conversion costs Current period (31,000 units started) Direct materials. Direct labor. Manufacturing overhead ber 2019 ompany's 33,010 62,560 75,789 $171,359 $21,950 10.000 72.000 32,500 At August 31, 2019.3.000 units were in process, 30% complete with respect to conversion costs. Required Calculate the following for the Compounding Department: a. Equivalent units for materials and conversion costs during August. b. Costs per equivalent unit for materials and conversion costs. Total cost of units transferred to the Packaging Department. d. Inventory cost at August 31, 2019. 5220 Where do the units come from? Monroe Company Compounding Department Flow of Units and Equivalent Units Calculation August 2019 Production Where do the units ? % Work Done? Completa/Transferred Ending Inventory Total Product Cost Report Equivalent Unit Direct X Work Materials Donez Conversion Costa Beginning Inventory Started Total Where do the costs come from? Direct Material Corvention Costa Beginning Inventory Current Total Costs to Account For - Total Equivalent Units Average cost Equivalent unit Where do the costs go? Complete / Transferred Direct Materials Conversion costs Cost of Goods Manufactured Ending Inventory Direct Material Conversion costs Cost of Ending Inventory Total Costs Allocated C d