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Process Excellence (PE), Inc. has two production departments: Mixing and Packaging. Mixing Department Packaging Department Warehouse At Mixing Department, all materials are added at the
Process Excellence (PE), Inc. has two production departments: Mixing and Packaging. Mixing Department Packaging Department Warehouse At Mixing Department, all materials are added at the beginning of the process. Labor and overhead (conversion resources) are added evenly throughout the process. The following information pertains to the Mixing Department for the month of July. Beginning work-in-process inventory 1,000 units Materials Conversion $8,500 $7,552 Physical units (40% complete) Units started in July 5,000 units Ending work-in-process inventory 400 units (30% complete) Costs added in July 60,500 130,872 Required: 1. Determine the number of units completed and transferred to the Packaging Department in July. 2. Compute the equivalent units using the weighted-average method. 3. Compute the costs per equivalent unit using the weighted-average method. 4. Compute the costs of goods transferred out and the ending work-in-process inventory using the weighted-average method
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