Process Costing System Problem ABC Company produces a product that passes through two departments: mixing and cooking. Both departments use the weighted average method. In the mixing department, all direct materials are added at the beginning of the process. All other manufacturing inputs are added uniformly.

The following information pertains to the mixing department for May: Beginning Work in Process, May 1: 100,000 pounds, 100% complete with respect to direct materials and 40 % complete with respect to conversion costs. The costs assigned to this work are as follows: Direct materials .. $ 20,000 Direct labor . 10,000 Overhead . 30,000

Ending Work in Process, May 31: 50,000 pounds, 100 % complete with respect to materials and 60% complete with respect to conversion costs. Units completed and transferred out: 370,000 pounds. The followings costs were added during the month: Direct materials $ 211,000 Direct labor .. 100,000 Overhead .. 270,000 Required:

Prepare a Quantity Schedule and compute the Equivalent Units

Compute the Cost per Equivalent Units

Prepare a Cost Reconciliation