Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help my cost accounting assignment 1. Mokkoled Company manufactures a liquid diet product in three departments. Data for Blending, the first department, follow: Production:

please help my cost accounting assignment

image text in transcribed

1. Mokkoled Company manufactures a liquid diet product in three departments. Data for Blending, the first department, follow: Production: Units in process, August 1, 75 percent complete Units completed and transferred out 120,000 400,000 Units in process, August 31, 30 percent complete 90.000 Costs: $ 340,600 Work in process, August 1 Costs added during August 1,516,500 Mokkoled uses FIFO costing. Required a. Prepare a physical flow schedule for the Blending Department for August. b. Calculate equivalent units of production for the Blending Department for August c. Calculate unit cost for materials, conversion, and in total for August. d. Calculate the cost of units transferred out and the cost of ending work in process. e. Prepare a cost reconciliation for the Blending Department

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

Political Standards

Authors: Karthik Ramanna

1st Edition

022652809X, 9780226528090

More Books

Students also viewed these Accounting questions

Question

6 Explain the expectancy theory of motivation.

Answered: 1 week ago