Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino
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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 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 | 26,000 |
Units completed and transferred out | 46,000 |
Units in process, April 30, 20% complete | 10,500 |
Costs: | |
WIP, April 1 | $ 95,600 |
Costs added during April | 260,340 |
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 Report | |||
For the Month of April (Weighted Average Method) | |||
Unit Information | |||
Physical flow: | |||
Units to account for: | Units | ||
Units in beginning work in process | fill in the blank 1 | ||
Units started | fill in the blank 2 | ||
Total units to account for | fill in the blank 3 | ||
Units accounted for: | Units | ||
Units completed | fill in the blank 4 | ||
Units in ending work in process | fill in the blank 5 | ||
Total units accounted for | fill in the blank 6 | ||
Equivalent units: | |||
Units | |||
Units completed | fill in the blank 7 | ||
Units in ending work in process | fill in the blank 8 | ||
Total equivalent units | fill in the blank 9 | ||
Cost Information | |||
Costs to account for: | |||
Dollars | |||
Costs in beginning work in process | $fill in the blank 10 | ||
Costs added by department | fill in the blank 11 | ||
Total costs to account for | $fill in the blank 12 | ||
Cost per equivalent unit | $fill in the blank 13 | ||
Costs accounted for: | |||
Transferred Out | Ending Work in Process | Total | |
Goods transferred out | $fill in the blank 14 | $fill in the blank 15 | |
Goods in ending work in process | $fill in the blank 16 | fill in the blank 17 | |
Total costs accounted for | $fill in the blank 18 | $fill in the blank 19 | $fill in the blank 20 |
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