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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

  1. 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 33,500
    Units completed and transferred out 43,000
    Units in process, April 30, 20% complete 12,000
    Costs:
    WIP, April 1 $ 95,600
    Costs added during April 208,580

    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)
    Unit Information
    Physical flow:
    Units to account for: Units
    Units in beginning work in process fill in the blank 1
    Units started fill in the blank 2
    Total units to account for fill in the blank 3
    Units accounted for: Units
    Units completed fill in the blank 4
    Units in ending work in process fill in the blank 5
    Total units accounted for fill in the blank 6
    Equivalent units:
    Units
    Units completed fill in the blank 7
    Units in ending work in process fill in the blank 8
    Total equivalent units fill in the blank 9
    Cost Information
    Costs to account for:
    Dollars
    Costs in beginning work in process $fill in the blank 10
    Costs added by department fill in the blank 11
    Total costs to account for $fill in the blank 12
    Cost per equivalent unit $fill in the blank 13
    Costs accounted for:
    Transferred Out Ending Work in Process Total
    Goods transferred out $fill in the blank 14 $fill in the blank 15
    Goods in ending work in process $fill in the blank 16 fill in the blank 17
    Total costs accounted for $fill in the blank 18 $fill in the blank 19 $fill in the blank 20

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