Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 4-13 Comprehensive Problem; Second Production Department-Weighted-Average Method LO4-2, L04-3, LO4-4, LO4-5] Old Country Links, Inc.. produces sausages in three production departments-Mixing. Casing and Curing,

image text in transcribed
Problem 4-13 Comprehensive Problem; Second Production Department-Weighted-Average Method LO4-2, L04-3, LO4-4, LO4-5] Old Country Links, Inc.. produces sausages in three production departments-Mixing. Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow Percent Completed Units Mixing Materials Conversion Work in process inventory, September 1 Work in process inventory September 30 100% 60 50 100 % 20 % 10 % Mixing Materials Conversion s 16,219 $49 S6, 629 Work in process inventory, September 1 Cost added during Septembe $151, 641 12,232 s 128, 40 Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing and Curing Department in batches; each unit in the above table is a batch and one batch of spiced meat mixture produces a set amount of sausages that are passed on to the Packaging Department During September, 70 batches (i.e.. units) were completed and transferred to the Packaging Department Required: 1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September 2. Compute the Casing and Curing Departments cost per equivalent unit for mixing, materials, and conversion for the month of September a. Compute the Casing and Curing Departments cost of ending work in process inventory for mixing, materials. conversion, and in total for September 4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials conversion, and in total for September 5 Prepare a cost reconciliation report for the Casing and Curing Department for September

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

Students also viewed these Accounting questions

Question

=+ (a) Show that a trifling set is negligible.

Answered: 1 week ago