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uiz company uses a process costing system to determine the cost of its vitamin supplement. The supplement passes through three departaments: Mixing, Tableting and Bottling.
uiz company uses a process costing system to determine the cost of its vitamin supplement. The supplement passes through three departaments: Mixing, Tableting and Bottling. In the Mixing departament, all materials are added at the beginning of the process. The mixture is transferred to the tableting departament in gallon containers. One gallon of mixture converts into 1,600 tablets. The tableting departament also adds materials at the beginning of the process. Completed tablets are transferred to the Bottling departament for packaging. the following information is available for the mixing and Tableting departaments for the month of july. Mixing Tableting Beg. Inventory Physical units Costs Direct materials 5 Gallons 4,000 Tablets $120 $32 Conversion costs 384 50 Transferred in 140 July Production Transferred out 125 Gallons 198,000 Tablets Ending inventoy 6 Gallons 6,000 Tablets Costs Direct materials 3,144 1,548 Conversion costs 12,288 4,860 Transferred in ? Percentage of completion Beginning inventory Ending inventoy 40% 50% 50 40 Quiz company uses the Weighted average method to account for the equivalent units and costs in beginning inventory Prepare the July production report for the Tableting Departament. (you will have to do the production report for the mising departament to determine the transferred in units and cost) You will need to convert from gallons to tablets to determine the physical units transferred in for the Tableting departament. Round all unit cost to four decimal places. Round all total dollar amounts to nearest dollar, no cents. 1- Determine the units started (transferred in) for the tablet dept in july 2- For the tableting departament. Determine the number of equivalent units with respect to transferred in cost 3- Determine the number of equivalent units with respect to direct materials cost 4- Determine the number of equivalent units with respect to conversion cost 5- Determine the cost transferred out for july 6- Determine the cost of ending inventory for july
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