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Vaughn is a producer of perfume, sourcing materials from all over the world as it creates beautiful scents. In November, Vaughn was producing perfume
Vaughn is a producer of perfume, sourcing materials from all over the world as it creates beautiful scents. In November, Vaughn was producing perfume that would be bottled into 1.2 ounce sizes. The manufacturing department reports the following information related to production of liquid perfume this month. Step 2: Determine physical status of units and convert into equivalent units Equivalent Units DM Conversion Costs Physical Units % Added Equiv. Units % Added Equiv. Units Units completed this period 400 100% 400 100% 400 Units in ending WIP Inventory 30 100% 30 40% 12 Total units accounted for 430 Total equivalent units of work done 430 412 Step 3: Account for costs Total Costs DM Conversion Costs Costs in beginning WIP Inventory (from last period) $2,090 $1,425 $665 Costs added to WIP Inventory this period 8,910 5,455 3,455 Total costs to account for $11,000 $6,880 $4,120 Vaughn uses the weighted-average method of process costing. Your answer is partially correct. Assign costs to the company's units completed and to the units in ending WIP Inventory for August by completing Step 5 of the template. Total cost of units completed and removed from WIP Inventory $ 6400 Cost of units in ending WIP Inventory 600 (c1) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above. (e) The parts of this question must be completed in order. This part will be available when you complete the part above.
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