Pennsylvania Company Produces a product that passes through two processes: Grinding and Mixing. Information related to its Grinding department manufacturing activities for July follows. The company uses the weighted-average method of process costing.

Grinding Department Grinding Department

Raw Materials$100,000Beginning WIP units5,000

Raw material Purchased on$211,400PercentagecompleteMaterials100%

Direct Materials used($190,000)Percentage complete conversion70%

Indirect Materials used($51,400)Beginning WIP Inventory:

Ending Inventory$70,000Direct Materials used$20,000

Direct Labor incurred$9,600

Factory Payroll: Overhead applied (120% DL)$19,200

Direct Labor incurred$55,500Total Costs of beg WIP$48,800

Indirect labor incurred$50,625Units started this period20,000

Total Payroll$106,125Units transferred to mixing this period17,000

Ending Work in Process units8,000

Factory Overhead: Percentage completed - Materials100%

Indirect Materials used$51,400percentage completed - Conversion20%

Indirect Labor used$50,625

Other overhead costs$71,725Factory Overhead Applied:

Total Factory Overhead$173,750Overhead applied (200% of direct Labor)

calculate

Create a physical flow reconciliation for July

2. Compute the equivalent units of production in July for direct materials and conversion
4. Compute the costs per equivalent unit of production in July for direct materials and conversion
6. Create a report of costs accounted for and a report of costs to account for.