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Selected production and cost data of Laura's Caliper Co.follow for May 2024: (Click the icon to view the production and cost data.) On May 31,
Selected production and cost data of Laura's Caliper Co.follow for May 2024: (Click the icon to view the production and cost data.) On May 31, the Mixing Department ending Work-in-Process Inventory was 80% complete for materials and 45% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 60% complete for materials and 35% complete for conversion costs. The company uses the weighted average method. Read the requirements Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. Complete the partial production cost report below for the Mixing Department, showing the equivalent units of production for direct materials and for conversion costs. Laura's Caliper Co. Production Cost Report - Mixing Department (Partial) Month Ended May 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for: Total units accounted for Data Table - X Mixing Department Heating Department 10,000 25,000 90,000 90,000 100,000 115,000 Units to account for: Beginning work-in-process, April 30 Started in May Transferred in during May Total units to account for Units accounted for: Completed and transferred out during May Ending work-in-process, May 31 Total units accounted for 90,000 25,000 115,000 82,000 18,000 100,000 Print Done A Requirements - X 1. Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department. 2. Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Heating Department. Print Done
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