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PROBLEM 4A- Equivalent Units of Production: Assigning Costs: Cost Reconililation Report-FIFO Method LO4-6, LO4-7. L04-8, L04-9 Selzik Company makes super-premium cake mixes that go through

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PROBLEM 4A- Equivalent Units of Production: Assigning Costs: Cost Reconililation Report-FIFO Method LO4-6, LO4-7. L04-8, L04-9 Selzik Company makes super-premium cake mixes that go through two processing departments Blending and Packaging. The following activity was recorded in the Blending Department during July: Production data: Units in process, July 1 (materials 0% complete: conversion 30% complete) Units started into production Units in process, July 31 (materials 10% complete: conversion 40% complete) 10,000 170,000 20,000 Cost data: Work in process inventory, July 1: $8.500 $4,900 Cost added during the month: . $244,200 All materials are added at the beginning of work in the Blending Department. The company us the FIFO method in its process costing system. Required I. Calculate the Blending Department's equivalent units of production for materials and conv sion for July Calculate the Blending Department's co 4 per equivalent unit ler materials and conversion for lu Calculate the Blending Department's cost of ending work in process inventory for materia conversion. and in total for July Calculate the Blending Depart nort.s cost of units transferred out lo lhe next department l materials. conversion. and in total for July Prepare a cost reconciliation report for the Blending Department for July. . 5. PROBLEM 4A- Equivalent Units of Production: Assigning Costs: Cost Reconililation Report-FIFO Method LO4-6, LO4-7. L04-8, L04-9 Selzik Company makes super-premium cake mixes that go through two processing departments Blending and Packaging. The following activity was recorded in the Blending Department during July: Production data: Units in process, July 1 (materials 0% complete: conversion 30% complete) Units started into production Units in process, July 31 (materials 10% complete: conversion 40% complete) 10,000 170,000 20,000 Cost data: Work in process inventory, July 1: $8.500 $4,900 Cost added during the month: . $244,200 All materials are added at the beginning of work in the Blending Department. The company us the FIFO method in its process costing system. Required I. Calculate the Blending Department's equivalent units of production for materials and conv sion for July Calculate the Blending Department's co 4 per equivalent unit ler materials and conversion for lu Calculate the Blending Department's cost of ending work in process inventory for materia conversion. and in total for July Calculate the Blending Depart nort.s cost of units transferred out lo lhe next department l materials. conversion. and in total for July Prepare a cost reconciliation report for the Blending Department for July. . 5

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