Question
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 |
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during September | 11,000 | ? |
Ending Work-in-Process Inventory (15% complete for |
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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 |
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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 | |||||||||
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| Physical | Direct | Conversion |
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UNITS | Units | Materials | Costs |
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Units to account for: |
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_________________________________ | _______ |
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_________________________________ | _______ |
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Total units to account for | _______ |
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Units accounted for: |
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_________________________________ | ________ | ________ | ________ |
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_________________________________ | ________ | ________ | ________ |
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Total units accounted for | ________ | ________ | ________ |
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| Direct | Conversion | Total |
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COSTS | Materials | Costs | Costs |
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Costs to account for: |
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______________________ | ________ | ________ | ________ |
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______________________ | ________ | ________ | ________ |
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Total costs to account for |
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______________________ | ________ | ________ | ________ |
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Cost per equivalent unit | ________ | ________ | ________ |
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Costs accounted for: | Direct Materials |
| Conversion Cost | Total Cost | |||||
______________________ | ________ |
| ________ | __________ | |||||
______________________ | ________ |
| ________ | __________ | |||||
Total costs accounted for | ________ |
| ________ | __________ | |||||
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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 $_______________
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