Question
Saint Bernard, Inc. manufactures one product and utilizes the weighted average process cost accounting system with three consecutive processes: mixing and cooking and packaging. Materials
Saint Bernard, Inc. manufactures one product and utilizes the weighted average process cost accounting system with three consecutive processes: mixing and cooking and packaging.
Materials are added at the beginning of each process. Conversion costs are incurred uniformly during the period in each process.
Production data for the cooking process for January is as follows:
Beg. WIP units | 5,000 (80% complete materials, 40% complete conversion) |
Units Started | 11,000 |
End. WIP units | 4,000 (25% complete as to conversion) |
Costs:
| Materials | Conversion |
Beg. WIP | $20,500 | $15,500 |
Costs incurred in January | 44,000 | 63,000 |
- Determine the equivalent units of production for materials. (2 points)
- Determine the equivalent units of production for conversion. (3 points)
3. Determine the cost per equivalent unit for materials in the Cooking process. (3 points)
4. Determine the cost per equivalent unit for conversion in the Cooking process. (3 points)
5. Determine the total cost of the units completed in the Cooking process and transferred to the next department during January. (4 point)
6. Determine the cost of the work in process in the Cooking process at the end of January. (6 points)
7. Reconcile Costs to Account For to Costs Accounted For (4 points)
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