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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
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 20,000
Units completed and transferred out 41,500
Units in process, April 30, 20% complete 7,500
Costs:
WIP, April 1$ 90,600
Costs added during April 253,400
- 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.
- Cooking Department Production ReportFor 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 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 ______
- Cost Information
- Costs to account for:
- DollarsCosts in beginning work in process $______
- Costs added by department ________
- Total costs to account for$_______
- 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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