Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2: Prans, Inc, manufactures a product tht gpoes hrough rwo dqpartmens prir to completion- the Mixing Department followed by the Packaging Department. The following
Question 2: Prans, Inc, manufactures a product tht gpoes hrough rwo dqpartmens prir to completion- the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June Percent Completed Units Materials Conversion 40% Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during June 80,000 392,500 382,500 90,000 70% 25% $31,500$11,300 337,500 $239,800 75% Required: Assume that the company uses the weighted-average method 1. Determine the equivalent units of Materials and Conversion cost for June for the Mixing Department 2. Compute the costs per equivalent unit of Materials and Conversion cost for June for the Mixing Department 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department 10
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started