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Q-toric Company manufactures a single product, mushroom soup, which undergoes three production processes (chopping, mixing and packaging) before it can be transferred to finished
Q-toric Company manufactures a single product, mushroom soup, which undergoes three production processes (chopping, mixing and packaging) before it can be transferred to finished goods. In the month of February, the chopping department incurred $11,800 and $6,600 for material cost and conversion cost respectively during the month. Beginning inventory was 45% complete as to conversion costs and materials are added at the beginning of the period at each department. Beginning work in process inventory has 16,114 units, which are attached with $4,800 material costs and $6,412 conversion costs. The chopping department started 7,600 units during the period. There are 3,200 units remaining in the chopping process at the end of the month, which are 60% complete as to conversion cost. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole unit or whole dollar. a) Calculate the number of units transferred from the chopping department to the mixing department. Ending WIP Total Outputs Beginning WIP Inputs Add Current Month Outputs Total Production Completed Transfer Out Whole Units b) Using the weighted average costing method, calculate the equivalent units for material and conversion costs.
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