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Please help!!! Scenario 1: Dormir produces a liquid herbal sleep remedy. Production begins in the Blending Department. All materials are added at the beginning of

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Please help!!!

Scenario 1: Dormir produces a liquid herbal sleep remedy. Production begins in the Blending Department. All materials are added at the beginning of the blending process. Output is measured in ounces. The production data for June are as follows: Production: Units in process, June 1, 70% complete* 6,000 Units completed and transferred out 36,000 Units in process, June 30, 40% complete* 12,000 * With respect to conversion cost Complete the physical flow schedule given below. There are a number of useful relationships. For example, Units Started and Completed = Units Completed - Units in EWIP and Units Started = Units Started and completed + Units, EWIP Units to Account for: Units in BWIP 6,000 Units started 42,000 Total units to account for 48,000 Units accounted for: Units Completed: From: BWIP 6,000 Started and completed 30,000 36,000 Units in BWIP 12,000 Total units accounted for 48,000 Prepare the Equivalent Unit Schedules for FIFO and Weighted Average by completing the Table below. Since inputs are non- uniform, equivalent units must be calculated separately for calculated for materials and conversion inputs. If an amount box does not require an entry, leave it blank or enter "O". FIFO WEIGHTED AVERAGE Direct Materials Conversion Direct Materials Conversion Units Completed 30,000 x 30,000 x Units Started and Completed 30,000 30,000 Units in BWIP Fraction to Complete 6,000 x Units in EWIP Fraction Complete 12,000 1,800 4,800 36,600 - 48,000 Equivalent Units 48,000 x 40,800 Using the following cost data for the Blending Department for the month of June, calculate the unit cost for FIFO and Weighted Average (complete the table following cost data). The unit cost is the sum of the unit materials cost and the unit conversion cost. Round unit cost to two decimal places. FIFO Costs, BWIP 810 Cost to Complete BWIP 1,035 x Cost of Goods Started and completed 6,225 Cost of Goods Transferred Out $ 8,070 X Weighted Average Cost of Goods Transferred $ 7,920 Out Total Cost of EWIP FIFO Materials Conversion Equivalent units in EWIP Unit cost $ $ 12,000 0.16 * $ 1,890 x $ 4,800 0.05 240 Cost of EWIP $ 2,130 x Total Cost of EWIP Weighted Average Materials MC Conversion Equivalent units in EWIP Unit cost $ $ 12,000 0.17 2,040 4,800 $ 0.05 $_240 Cost of EWIP $ 2,280 Show that the costs to account for equal the costs assigned for both FIFO and Weighted Average by completing the following information. Costs to account for: Costs BWIP $C_810 Costs added (current) 9,390 Total costs to account for 10,200 FIFO Cost of goods transferred out $ 8,070 x Cost of EWIP 2,130 x Total Cost Assigned $10,200 Weighted Average $ 7,920 2,280 $10,200

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