Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help solve, showing work will be helpful! Plum Pastries uses a mixing department and a baking department in producing its cake. Its process-costing system
Please help solve, showing work will be helpful!
Plum Pastries uses a mixing department and a baking department in producing its cake. Its process-costing system in the mixing department has two direct materials cost categories (cake mix and flavorings) and one conversion cost pool. The following data pertain to the mixing department for April 2020 : Work in process, April 1 0 Started in April 16,000 pounds Completed and transferred to baking 13,500 pounds Costs: Cake mix $56,000 Flavorings \$5,400 Conversion costs $84,000 The cake mix is introduced at the start of operations in the mixing department, and the flavorings are added when the product is 40% completed in the mixing department. Conversion costs are added evenly during the process. The ending work in process in the mixing department is 20% complete. Equivalent Units \begin{tabular}{lll} & Physical Units & Conversion Mix \\ \hline Work in process, beginning \\ Started during current period \\ To account for \\ Completed and transferred out during current period \\ Work in process, ending \\ Accounted for \\ Equivalent units of work done in current period \end{tabular} Requirement 2. Compute (a) the cost of goods completed and transferred to the baking department during April and (b) the cost of work in process as of April 30 , 2020. Begin by computing the cost per equivalent unit for each cost category. (Round the cost per equivalent unit to the nearest cent.) (a) Determine the formula, then compute the cost of goods completed and transferred to the baking department during April for each cost category. \begin{tabular}{l|l} & \\ Cake Mix \\ Clavorings \\ Flasted of goods completed \\ Conversion costs & \end{tabular} (b) Determine the formula, then compute the cost of work in process as of April 30,2020 for each cost category. (Complete all input fields. Enter a 0 for any zero balances.) Cost of work in process Cake Mix x = as of April 30,2020 Flavorings x = Conversion costs x = =Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started