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% complete20,000Units completed and transferred out 50,000Units in process, April 30, 20% complete10,000Costs:WIP, April 1$93,600Costs added during April314,600

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 ReportFor the Month of April (Weighted Average Method)Unit InformationPhysical flow:Units to account for:UnitsUnits in beginning work in processUnits startedTotal units to account forUnits accounted for:UnitsUnits completedUnits in ending work in processTotal units accounted forEquivalent units:UnitsUnits completedUnits in ending work in processTotal equivalent unitsCost InformationCosts to account for:DollarsCosts in beginning work in process$Costs added by departmentTotal costs to account for$Cost per equivalent unit$Costs accounted for:Transferred OutEnding Work in ProcessTotalGoods transferred out$$Goods in ending work in process$Total costs accounted for$$$