Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Production Report, Weighted Average Mino Ine, manufactures chocolate syrup in three departments: Cooking, Mixing, and Botting Mine uses the weighted average method. The following are cost and production date for the cooking department for April (Note: Assume that units are measured in gallons.) Production: Units in process, April 1, 60% complete 24,500 Units completed and transferred out 46,000 Units in process, April 30, 20% complete 6.000 Costs 95,600 WIP, April 1 206,400 Costs added during April Required: Prepare a production report for the cooking department. Round cost per equivalent unit value to the nearest cent and use rounded in termins Mino Inc Cooking Department Production Report For the Month of April (Weighted Average Method) Unitsformation Physical tow Units to account for Units etv RA Units to account for Units in beginning work in process Units started Un 14 400 X Units Total units to account for Units accounted for Units completed Unitsin ending work in process Total units accounted for Equivalent unit: Units complete Unitsin ending work in proces Totat culent units Cost formation Costs to account for Dos Costs in beginning work in process Costs added by department av s ebook 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 unt Costs accounted for Ending Transferred Work in Out Process Goods transferred out Goods in ending work Total Total costs accounted for tv A RA Production Report, Weighted Average Mina Inc., manufactures chocolate syrup in three departments: Cooking Ming, and otting Mine uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are meared in gallons.) Production: Units in process, April 1, 60% complete 24,500 Units completed and transferred out 46.000 Units in process, Apr 30, 20% complete 6.000 Cests: WIP, April 1 395,600 Costs added during Art 200480 Required: Prepare a production report for the cooking department Round cost per equivalent ont value to the nearest cant and rounded value in intermediate Mine Inc Cooking Department Production Report For the Month of April (Weighted Average Method) How 102 Unformation Physical tow Units to account for Units

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

Step: 3

blur-text-image

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

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

16th Edition

007352686X, 978-0073526867

More Books

Students also viewed these Accounting questions