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Tutorial IMA 82 Question 1 Coco ine manufactures chocolate syrup in three departments: Cooking, Mixing, and Botting. Coco uses the weighted average method. All manufacturing

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Tutorial IMA 82 Question 1 Coco ine manufactures chocolate syrup in three departments: Cooking, Mixing, and Botting. Coco uses the weighted average method. All manufacturing inputs are applied uniformly. 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 Units completed and transferred out Units in process, April 30, 30% complete 35,000 60,000 20,000 $95.650.00 $320.650.00 Costs: WIP, April 1 Costs added during Apri I Required 1 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 2 Prepare the journal entries for A Transfering the Cooking Department cost to Mixing Department B. Transferring the Mixing Department to Bottling Department (assume that the cost transferred out is $465,980) C. Transferring the Bottling Department to finished goods inventory (assume that the cost transferred out is $654.000)

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