Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribedimage text in transcribed

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 23,000 Units completed and transferred out 47,500 9,000 Units in process, April 30, 20% complete Costs: WIP, April 1 $ 80,600 Costs added during April 407,470 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) Unit Information Physical flow: Units to account for: Units in beginning work in process Units started Units Units Total units to account for 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 si 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 Goods transferred out Goods in ending work in process Total costs accounted for Total $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Loose Leaf Fundamental Financial Accounting Concepts

Authors: Thomas Edmonds, Frances McNair, Philip Olds

8th Edition

0077433807, 978-0077433802

More Books

Students also viewed these Accounting questions

Question

State the uses of job description.

Answered: 1 week ago

Question

Explain in detail the different methods of performance appraisal .

Answered: 1 week ago