Question
The Maxma Beverage Corporation manufactures flavored bottled water and uses process costing to account for the cost of the products manufactured. Raw material and conversion
The Maxma Beverage Corporation manufactures flavored bottled water and uses process costing to account for the cost of the products manufactured. Raw material and conversion costs are incurred at the same rate during the production process. Data for the company's mixing department for March are as follows: Maxma uses the first-in, first-out method to calculate equivalent units. Required: A. How many units were completed in March? 95000 units B. How many equivalent units were completed in March? 90000 equivalent units C. What is the cost per equivalent unit? Round your answer to nearest cent. Use your rounded answer for subsequent calculations. $ D. What is the cost of the ending WIP? $ E. What is the cost of the units transferred out of the mixing department? That is, what is the cost of goods manufactured during March? $
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