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Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are
Production Report, Weighted Average Mino 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 for April (Note: Assume that units are measured in gallons.) Production: Units in process, April 1, 60% complete 35,000 Units completed and transferred out 44,500 Units in process, April 30, 20% complete 6,000 Costs: $ 80,600 WIP, April 1 Costs added during April 266,720 Ending Work in Transferred Out Total Process Goods transferred out Goods in ending work in process Total costs accounted for
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