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Production Report, Weighted Average Cochabamba Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Cochabamba uses the weighted average method. The following are
Production Report, Weighted Average
Cochabamba Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Cochabamba uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.):
Line Item Description | Numerical Data |
---|---|
Production: | |
Units in process, April 1, 60% complete | 50,000 |
Units completed and transferred out | 125,000 |
Units in process, April 30, 20% complete | 25,000 |
Costs: | |
WIP, April 1 | $234,000 |
Costs added during April | 786,500 |
Required:
Prepare a production report for the cooking department. Round cost per equivalent unit value to the nearest cent and use rounded value in intermediate calculations.
Unit Information | |
---|---|
Physical flow: | |
Units to account for: | |
Units in beginning work in process | fill in the blank |
Units started | fill in the blank |
Total units to account for | fill in the blank |
Units accounted for: | |
---|---|
Units completed | fill in the blank |
Units in ending work in process | fill in the blank |
Total units accounted for | fill in the blank |
Equivalent units: | |
---|---|
Units completed | fill in the blank |
Units in ending work in process | fill in the blank |
Total equivalent units | fill in the blank 9 |
Cost Information | |
---|---|
Costs to account for: | |
Costs in beginning work in process | fill in the blank |
Costs added by department | fill in the blank |
Total costs to account for | fill in the blank |
Cost per equivalent unit | fill in the blank |
Costs accounted for: | Transferred Out | Ending Work in Process | Total |
---|---|---|---|
Goods transferred out | fill in the blank | fill in the blank | fill in the blank |
Goods in ending work in process | fill in the blank | fill in the blank | fill in the blank |
Total costs accounted for | fill in the blank | fill in the blank | fill in the blank |
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