Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

roblem 5-13 Comprehensive Problem; Second Production Department-Weighted-Average Method LO5-2, LO5-3, LO5-4, LO5-5] Oid Country Links, Inc, produces sausages in three production departments-Mixing. Casing and Curing,

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
roblem 5-13 Comprehensive Problem; Second Production Department-Weighted-Average Method LO5-2, LO5-3, LO5-4, LO5-5] Oid Country Links, Inc, produces sausages in three production departments-Mixing. Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow: Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing and Curing Department in batches; each unit in the above table is a batch and one batch of spiced meat. minture produces a set amount of sausages that are passed on to the Packaging Department. During Septembet, 99 batches fle. units) were completed and transferred to the Packaging Department. lequired: Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September. 2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September. 3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September. 4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing. materials, conversion, and in total for September. 5. Prepare a cost reconciliation report for the Casing and Curing Department for September. Complete this question by entering your answers in the tabs below. Determine the Casing and Cuning Department's equivalent units of production for mixing, moteriais, and conversion for the month of September. (Round your intermediate calculations and final answers to i decimal place.) Complete this question by entering your answers in the tabs below. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September, (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, canversion, and in total for September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Prepare a cost reconciliation report for the Casing and Curing Department for September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.)

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_2

Step: 3

blur-text-image_3

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

The Solitary Auditor

Authors: Michael Knapp

1st Edition

161163878X, 978-1611638783

More Books

Students also viewed these Accounting questions

Question

DO CONTRACT WORKERSGETTHE SAME ENTITLEMENTS AS EMPLOYEES?

Answered: 1 week ago

Question

2.5 Describe the purpose of employment equity programs.

Answered: 1 week ago