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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, Apr 1.60% comp 33,500 Units completed and transferred out 47,500 Units in process, Apr 30, 20% comp 6,000 Costs: WIP April 1 Cists added during April 201.60 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. Mine 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 Total units to acount 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 Cost Information Costs to account for: Casts in beginning work in process Casts added by department Total costs to account for Cost per equivalent unit Costs accounted for: Goods transferred out Goods in ending work in process Total costs accounted for Unit Units Units Delars Out Ending Transferred Workin Process Total
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