Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Saints Special produces a reddish-purple hair gel in two departments: Compounding and Hydrating. The gel is sent from the Compounding Department to the Hydrating Department.
Saints Special produces a reddish-purple hair gel in two departments: Compounding and Hydrating. The gel is sent from the Compounding Department to the Hydrating Department. After work in the Hydrating Department, the product moves to the Bottling Department. Assume that Saints Special provides you with the following information for Hydrating operations for November (no new moterial is added in the Hydrating Department) and wants a production cost report for the Hydrating Department: WIP inventory Hydrating Beginning inventory (12,000 units, 30% complete with respect to Hydrating costs) Transferred-in costs (from Compounding) Hydrating Department conversion costs $152,400 $16,300 Current work (102,000 bottles started) Compounding Department Costs Transferred into Hydrating Hydrating Department Current Costs $1,101,600 $614,400 The ending inventory of the Hydrating Department has 16,000 units, which are 50 percent complete with respect to Hydrating Department costs. There is NO spoilage. Use weighted-average process costing to compute equivalent units & prepare a PRODUCTION COST REPORT Consider using the format below Suggested Format Optional % completed Equivalent Units Flow of Units physical units com pounding hydrating compounding hy drating Units to account for Beginning WIP Units Started Total units to account for Units accounted for Completed and TO Ending WIP Equivalent Units Flow of costs Costs to be accounted for Cos ts in beghning inventory (from compounding Hy drating cost total cost to be accounted for Equivalent Units Cost per EU Costs Accounted for Units transferred out Ending W IP Total costs accounted for
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