Production Report, Weighted Average Mine Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling....
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Production Report, Weighted Average Mine Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department (Note: Assume that units are measured in gallons.): Production: Units in process, April 1, 60% complete 30,500 Units completed and transferred out 49,000 Units in process, April 30, 20% complete 7,500 Costs: WIP, April 1 Costs added during April $85,600 267,900 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.. Mino Inc. Cooking Department Production Report For the Month of April (Weighted Average Method) Physical flow: Units to account for: Units in beginning work in process Units started Total units to account for Units accounted for: Units completed Units in ending work in process Total units accounted for Equivalent units: Units completed Units in ending work in process Total equivalent units Costs to account for: Costs in beginning work in process Costs added by department Unit Information Units Cost Information. Dollars Units Units Total costs to account for Cost per equivalent unit Costs accounted for: Transferred Out Ending Work in Process Total Goods transferred out i Goods in ending work in process Total costs accounted for Production Report, Weighted Average Mine Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department (Note: Assume that units are measured in gallons.): Production: Units in process, April 1, 60% complete 30,500 Units completed and transferred out 49,000 Units in process, April 30, 20% complete 7,500 Costs: WIP, April 1 Costs added during April $85,600 267,900 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.. Mino Inc. Cooking Department Production Report For the Month of April (Weighted Average Method) Physical flow: Units to account for: Units in beginning work in process Units started Total units to account for Units accounted for: Units completed Units in ending work in process Total units accounted for Equivalent units: Units completed Units in ending work in process Total equivalent units Costs to account for: Costs in beginning work in process Costs added by department Unit Information Units Cost Information. Dollars Units Units Total costs to account for Cost per equivalent unit Costs accounted for: Transferred Out Ending Work in Process Total Goods transferred out i Goods in ending work in process Total costs accounted for
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