Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ralph Inc. manufactures a product that passes through two processes: Mixing and Packaging. All manufacturing costs are added uniformly in the Mixing Department (i.e., same

Ralph Inc. manufactures a product that passes through two processes: Mixing and Packaging. All manufacturing costs are added uniformly in the Mixing Department (i.e., same completion percentage applied to direct materials and conversion costs). Information for the Mixing Department for October follows:

Work in process, October 1

Units (30% complete) 7,500

Direct Materials $2,000

Conversion Costs $2,100

During the month, 150,000 units were completed and transferred to Packaging. The following costs were incurred by the Mixing Department.

Direct Materials $25,000

Conversion Costs $25,500

There were 12,000 units that were 50 percent complete remaining in the Mixing Department at the end of October.

Determine the cost of ending work in process under weighted average method.

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

Internal Audit Of The Future The Impact Of Technology Innovation

Authors: An Anthology Compiled And Contributed To By A. Michael Smith

1st Edition

1634540638, 978-1634540636

More Books

Students also viewed these Accounting questions