Process Cost Hy Caitlyn's Cheesecake Corp. makes cheesecakes in a three step process. Ingredients are combined in the mixing department. After mixing is completed the ingredients are transferred to the Baking Department. Once the baking process is completed the cheesecakes are transferred to the Finishing Department where individual cheesecakes are cut into twelve inch sqaures and packaged for delivery. The balance in Work in Progess (WIP) - Baking Dept. was as follows on December 1, 2021: 11,700 1.440 WIP 3600 units -20% complete as to conversion costs Direct materials Conversion costs The following costs were charged to WIP - Baking during December 2020 Direct materials transferred from the Mixing Dept. 62,800 units at $3.30 per unit Direct laber Factory overhead During December, 63,000 units were completed. WIP- Baking Dept. on December 31, 2021 consisted of 3,400 units, 60% complete as to conversion costs 207,240 81,043 54,029 Required: Prepare a cost of production report for December 2021 using the FIFO (first in first out) cost flow assumption 12:15 l UE Done 102 HW #5.xlsx per te PL - Their Way Trendinger W Tiede il 1 The Com C. M CP Categi Www Theme Process Cost Hy Caitlyn's Cheesecake Corp. makes cheesecakes in a three step process. Ingredients are combined in the mixing department. After mixing is completed the ingredients are transferred to the Baking Department. Once the baking process is completed the cheesecakes are transferred to the Finishing Department where individual cheesecakes are cut into twelve inch sqaures and packaged for delivery. The balance in Work in Progess (WIP) - Baking Dept. was as follows on December 1, 2021: 11,700 1.440 WIP 3600 units -20% complete as to conversion costs Direct materials Conversion costs The following costs were charged to WIP - Baking during December 2020 Direct materials transferred from the Mixing Dept. 62,800 units at $3.30 per unit Direct laber Factory overhead During December, 63,000 units were completed. WIP- Baking Dept. on December 31, 2021 consisted of 3,400 units, 60% complete as to conversion costs 207,240 81,043 54,029 Required: Prepare a cost of production report for December 2021 using the FIFO (first in first out) cost flow assumption 12:15 l UE Done 102 HW #5.xlsx per te PL - Their Way Trendinger W Tiede il 1 The Com C. M CP Categi Www Theme