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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 30,500
Units completed and transferred out 44,500
Units in process, April 30, 20% complete 6,000
Costs:
WIP, April 1 $ 90,600
Costs added during April 206,450

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.

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Mino Inc. Cooking Department Production Report For the Month of April (Weighted Average Method) Unit Information Physical flow: Units to account for: Units in beginning work in process Units Units started Total units to account for Units Units accounted for: Units completed Units in ending work in process Total units accounted for Equivalent units: Units Units completed Units in ending work in process Total equivalent units Cost Information Costs to account for: Dollars Costs in beginning work in process Costs added by department Total costs to account for Cost per equivalent unit Costs accounted for: Ending Transferred Work in Out Process Total Goods transferred out Goods in ending work in process Total costs accounted for

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