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Splish Enterprises is aptly named because of its signature item - chewing gum! The owners started the business years ago when no existing gum had
Splish Enterprises is aptly named because of its signature itemchewing gum! The owners started the business years
ago when no existing gum had the right flavor and texture combination. After years of perfecting the process, they had
a finely tuned operation. This year, Splish's main processing department reported the following activity and costs.
All DM resources are added to Splish's processing department at the beginning of processing. Conversion costs are
added evenly throughout the process. Splish uses the weightedaverage method of process costing.
a
Complete Steps of the template for Splish Enterprises this year using the weightedaverage method of process
costing, clearly labeling the following. Round cost per equivalent unit to decimal places, eg
Equivalent units of production for both DM and conversion costs.
The cost per equivalent unit for both DM and conversion costs.
The total cost of units completed and the total cost of units in ending WIP Inventory.
Total equivalent units of work done
Cost per equivalent unit
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