Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Production Report, Weighted Average Mino Inc, manufactures chocolate syrup in the departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are

image text in transcribed
image text in transcribed
image text in transcribed
Production Report, Weighted Average Mino Inc, manufactures chocolate syrup in the 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 32,000 Units completed and transferred out 41,500 Units in process, April 30, 209 complete 7,500 Costs: $ 95,600 WIP, April 1 Costs added during April 162.400 Required: Prepare a production report for the cooking department. Round cost per equivalent ant value to the nearest cent and use rounded value in intermediate action Mino Inc Cooking Department Production Report For the Month of April (Weighted Average Method) Unit Information Physical flow Units to account for Units in being work in pro Unit started Previous Next Units Prepare a production report for the cooking department. Round cost per equivalent unit value to the nearest cent and use rounded value in intermediate calcula Mino 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 account for Units accounted for Units completed Units in ending work in process Total units accounted for Equivalent units: Units Units Units completed Units in ending work in process Total equivalent units Previous Total units accounted for Equivalent units: Units Units completed Units in ending work in process Total equivalent units Cost Information Costs to account for: Dollars Costs in beginning work in process Costs added by department Total costs to account for Cost per equivalent unit Costs accounted for: Ending Transferred Work in Out Process Total Goods transferred out Goods in ending work in process Total costs accounted for

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tax Accounting

Authors: Greg Shields

1st Edition

163716128X, 978-1637161289

More Books

Students also viewed these Accounting questions

Question

Differentiate between programmed and non-programmed decisions

Answered: 1 week ago

Question

List at least three disadvantages to using a consultant.

Answered: 1 week ago

Question

How are arbitrators credentialed?

Answered: 1 week ago