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Selzik Company makes super-premium cake mixes that go through two processing departments, Blending and Packaging. The following activity was recorded in the Blending Department during
Selzik Company makes super-premium cake mixes that go through two processing departments, Blending and Packaging. The following activity was recorded in the Blending Department during July: All materials are added at the beginning of work in the Blending Department. The company uses the FIFO method in its process costing system. Required: Determine the equivalent units for July for the Blending Department. Compute the costs per equivalent unit for July for the Blending Department. (Round your answers to 2 decimal places.) Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Blending Department in July. Prepare a cost reconciliation report for the Blending Department for July
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