Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Silver City Paints provides the following information for the MixingDepartment for the month of September2018 Units Costs Beginning Work-in-Process Inventory 0 $0 Started in Production

Silver City Paints provides the following information for the MixingDepartment for the month of September2018

Units

Costs

Beginning Work-in-Process Inventory

0

$0

Started in Production in September

21,000

40,550*

Total to Account For

21,000

40,550

Completed and Transferred to Finishing Department

during September

11,000

?

Ending Work-in-Process Inventory (15% complete for

direct materials; 50% complete for conversion costs)

10,000

?

Total Accounted For

21,000

$40,550

*Includes $3,750 direct materials and $36,800 conversion costs

Complete a production cost report for the Mixing Department for the month of September 2018 to determine the cost of the units completed and transferred out and the cost of the ending Work-in-Process Inventory-dashMixing. Assume Silver City Paints uses the weighted-average method.

Begin by completing a production cost report for the Mixing Department for the month of September 2018

(Complete all answer boxes. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent. Abbreviation used: EUP = equivalent units of production.)

Silver City Paints

Production Cost Report-Mixing Department

Month Ended September 30, 2018

Physical

Direct

Conversion

UNITS

Units

Materials

Costs

Units to account for:

_________________________________

_______

_________________________________

_______

Total units to account for

_______

Units accounted for:

_________________________________

________

________

________

_________________________________

________

________

________

Total units accounted for

________

________

________

Direct

Conversion

Total

COSTS

Materials

Costs

Costs

Costs to account for:

______________________

________

________

________

______________________

________

________

________

Total costs to account for

______________________

________

________

________

Cost per equivalent unit

________

________

________

Costs accounted for:

Direct Materials

Conversion Cost

Total Cost

______________________

________

________

__________

______________________

________

________

__________

Total costs accounted for

________

________

__________

The mixing department transferred _________ units with a cost of $______________ to the Finishing department in September. The ending balance in the Work-in-Process Inventory- Mixing is $_______________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting And Reporting

Authors: Mr Barry Elliott, Jamie Elliott

10th Edition

0273703641, 978-0273703648

More Books

Students also viewed these Accounting questions

Question

Is there anything else you would like us to know about you?

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago