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Polk Company Mixing Department Ending April 30, 20XX Units, Beginning inventory (50% complete) Units started Units, Ending inventory (30% complete) 4,000 18,000 5,000 Cost in
Polk Company Mixing Department Ending April 30, 20XX Units, Beginning inventory (50% complete) Units started Units, Ending inventory (30% complete) 4,000 18,000 5,000 Cost in beginning inventory was $6,970, costs added during April were $62,220. 1. Fill in the physical flow schedule shown below. Polk Company Beginning inventory Completed & transferred out: From beginning inventory Started & completed Started Ending inventory Total units to account for Total units accounted for 2. Using the weighted average method, the equivalent units of production were: Completed and transferred out Ending inventory (30% complete) Total equivalent units 3. The unit cost for April is (Round your answer to the nearest cent. Use the rounded answer in subsequent requirements, if required.) 4. The cost of completed units transferred out during April is $ The cost of ending inventory as of April 30th is $ 5. Enter the appropriate letters to the correct T-accounts for WIP-Mixing, and WIP-Bottling for each of the following: a. Recognize the beginning balance of WIP-Mixing. b. Recognize the use of Mixing resources for April. c. Recognize the cost of units transferred out of WIP-Mixing. d. Recognize the cost of units transferred into WIP-Bottling. e. Recognize the ending balance of: WIP-Mixing. WIP-Mixing Department WIP-Bottling Department (a) (b) (d)
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