Vaasa Chemicals has a Mixing Department and a Refining Department. The following information refers to the Mixing Department:

Units:

Work in Process July 1 0

Units Started 80,000

Completed and transferred

To the Refining Department 35,000

Costs: Beginning costs Added in July

Chemicals P & Q $ 320,000 $215,000

Conversion costs 135,000 220,000

Chemicals P and Q are both required materials for producing the product. The supervisors beginning estimates for completion of materials and work in process are 0% for materials and 0% for conversion cost. The ending work in process in the Mixing Department is 50% with respect to materials, and 20% complete with respect to conversion costs.

Prepare a Process costing report for the Mixing Department for July using the Weighted Average Equivalent Units method.

Include:

1. Account for the actual physical units

2. Compute the Equivalent units for the period March 2010 for Materials and Conversion

Costs

3. Compute the total costs of Direct Materials and Conversion Costs for the Drawing

Department.

4. Compute the dollar amount per Equivalent unit. Round to the nearest cent.

5. Assign overall costs to the Drawing Department. Round to the nearest dollar.

Round to the nearest cent or dollar as instructed above.