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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 35,000 41,500 Units in process, April 30, 20% complete 10,500 Costs: WIP, April 1 Costs added during April Required: $ 95,600 248,840 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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