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There are several blanks below for this question I do not know how to do. Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in
There are several blanks below for this question I do not know how to do.
Production Report, Weighted Average
Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons):
Production: | |
Units in process, April 1, 60% complete | 20,000 |
Units completed and transferred out | 50,000 |
Units in process, April 30, 20% complete | 10,000 |
Costs: | |
WIP, April 1 | $93,600 |
Costs added during April | 314,600 |
Prepare a production report for the cooking department. Round cost per equivalent unit value to the nearest cent and use rounded value in intermediate calculations.
Cooking Department Production Report | |||
For the Month of April | |||
(Weighted Average Method) | |||
Unit Information | |||
Physical flow: | |||
Units to account for: | Units | ||
Units in beginning work in process | ________? | ||
Units started | ________? | ||
Total units to account for | ________? | ||
Units accounted for: | Units | ||
Units completed | ________? | ||
Units in ending work in process | ________? | ||
Total units accounted for | ________? | ||
Equivalent units: | |||
Units | |||
Units completed | _______? | ||
Units in ending work in process | _______? | ||
Total equivalent units | _______? | ||
Cost Information | |||
Costs to account for: | |||
Dollars | |||
Costs in beginning work in process | $_______? | ||
Costs added by department | _______? | ||
Total costs to account for | $_______? | ||
Cost per equivalent unit | $________? | ||
Costs accounted for: | |||
Transferred Out | Ending Work in Process | Total | |
Goods transferred out | $______? | $______? | |
Goods in ending work in process | $_______? | ________? | |
Total costs accounted for | $______? | $_______? | $_______? |
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