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Selected production and cost data of Lisa's Compound Co. follow for May 2018: (Click the icon to view the production and cost data.) On May
Selected production and cost data of Lisa's Compound Co. follow for May 2018: (Click the icon to view the production and cost data.) On May 31, the Mixing Department ending Work-in-Process Inventory was 70% complete for materials and 10% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 65% complete for materials and 60% 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. Data Table - Lisa's Compound Co. Production Cost Report - Mixing Department (Partial) Month Ended May 31 Equivalent Units Physical Direct Conversion UNITS Units Materials Costs Units accounted for: Mixing Department Heating Department 5,000 Units to account for: Beginning work-in-process, April 30 Started in May Transferred in during May 20,000 85,000 80,000 85,000 105,000 Total units accounted for Total units to account for Units accounted for: Completed and transferred out during May Ending work-in-process, May 31 Requirement 2. Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Heating Department. Complete the partial production cost report below for the Heating Department, showing the equivalent units of production for transferred in costs, direct materials and for conversion costs. 80,000 25,000 105,000 76,000 9,000 85,000 Total units accounted for Print Done Lisa's Compound Co. Production Cost Report - Heating Department (Partial) Month Ended May 31 Equivalent Units Physical Transferred Direct Conversion UNITS Units In Materials Costs Units accounted for: Total units accounted for Choose from any list or enter any number in the input fields and then continue to the next
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