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Santa Fe Paints completed the following production report for the Mixing Department for the month of September 2018: During September, Santa Fe Paints reports the
Santa Fe Paints completed the following production report for the Mixing Department for the month of September 2018: During September, Santa Fe Paints reports the following in its Finishing Department: Complete a production cost report to assign the Finishing Department's September total costs to units completed and to units in process at the end of the month. Assume Santa Fe Paints uses the weighted-average method.
Santa Fe Paints completed the following production report for the Mixing Department for the month of September 2018: (Click the icon to view the procluction report.) During September, Santa Fe Paints reports the following in its Finishing Department: (Click the icon to view the information.) Complete a production cost report to assign the Finishing Department's September total costs to units completed and to units in process at the end of the month. Assume Santa Fe Paints uses the weighted average method. (Round all cost per unit amounts to the nearest cent. Abbreviation used: EUP = equivalent units of production.) Santa Fe Paints Production Cost Report - Finishing Department Month Ended September 30, 2018 Equivalent Units Physical Transferred Direct Conversion UNITS Units Materials Units to account for: Beginning work-in-process 14,000 Started in production 4,000 18,000 Total units to account for In Costs Units accounted for: Completed and transferred out Ending work-in-process Total units accounted for Choose from any list or enter any number in the input fields and then click Check Answer. ? 3 parta Clear All Check Answer remaining Reference Santa Fe Paints Production Cost Report-Mixing Department Month Ended September 30, 2018 Direct Conversion Physical Units UNITS Materials Costs Units to account for: Beginning work-in-process 0 Started in production 18,000 18,000 Total units to account for Units accounted for: Completed and transferred out 14,000 4,000 14,000 1,000 14,000 2,000 Ending work-in-process Total units accounted for 18,000 15,000 16,000 Direct Conversion Total COSTS Materials Costs Costs Print Done X Data Table 4,000 units 14,000 units 15,000 units UNITS Beginning Work-in-Process Inventory (20% complete for direct materials; 70% complete for conversion costs) Transferred in from Mixing Department during September Completed and transferred out to Finished Goods Inventory during September Ending Work-in-Process Inventory (30% complete for direct materials; 80% complete for conversion costs) COSTS Work-in-Process Inventory, August 31 (transferred in costs, $11,400; direct material costs, $1,000; conversion costs, $1,800) Transferred in from Mixing Department during September Direct materials added during September Conversion costs added during September 3,000 units $ 14,200 33,600 5,360 24,300 Print DoneStep by Step Solution
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