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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.): 21,500 Production: Units in process, April 1, 60% complete 1% Units completed and transferred out Units in process, April 30, 20% complete 41,500 7,500 Costs: WIP, April 1 $ 80,600 Costs added during April 267,700 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 in beginning work in process Units started Units Total units to account for Units accounted for: Units completed Units Units in ending work in process 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
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