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Show all work, please. ACCT 311 Chapter 4 - Process Costing - Weighted average - First Department Honeybutter goes through 2 departments (mixing and packaging)
Show all work, please.
ACCT 311 Chapter 4 - Process Costing - Weighted average - First Department Honeybutter goes through 2 departments (mixing and packaging) Following information is related to the mixing department for the month of January. Unit information Units on hand 12/31 (beginning WIP) 70,000 Started during January 460,000 Units on hand 1/31 (ending WIP) 80,000 (75% complete wrt materials: 25% complete wrt conversion) Cost information, beginning WIP Direct Material $ 45,000 Conversion $ 31,000 Costs added during the period Direct Material $ 465,000 Conversion $ 345,000 Determine the total costs of units transferred out to Packaging during January and the cost of ending WIP inventory in the Mixing Department at 1/31 Step by Step Solution
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