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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
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 Units completed and transferred out Units in process, April 30, 20% complete 30,500 43,000 7.500 Costa WIP, April 1 Costs added during April $90,600 287,650 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 Total costs to account for Unit Information Units Units Cost Information. Dollars Units Cost per equivalent unit Costs accounted for: Transferred Out Ending Work in Process Total Goods transferred out Goods in ending work in process Total costs accounted for
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