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WIP Inventory: Beg Inventory WIP: 266,000 Units started WIP: 896,000 Units completed and transferred WIP: Unknown Ending Inventory WIP: 280,000 WIP Inventory % Complete: Beginning
WIP Inventory:
Beg Inventory WIP: 266,000
Units started WIP: 896,000
Units completed and transferred WIP: Unknown
Ending Inventory WIP: 280,000
WIP Inventory % Complete:
Beginning Direct Materials: 70%
Beginning Conversion: 30%
Ending Direct Materials: 60%
Ending Conversion: 40%
WIP Inventory Costs
Beginning Direct materials: 546,000
Beginning Conversion: 199,500
Beginning Direct Materials Added: 3,444,000
Conversion Costs Added: 2,534,000
Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average method. Work in Process Inventory (In Units) Work in Process Inventory Percent Complete For Firm C, prepare a production cost report for the mixing department. (Round "Cost per EUP" to 2 decimal places Important! Be sure to click the correct Firm at the top of the dashboard. If an error is made and the percent complete for units in ending inventory is overstated, what effect does this have on current period financial statements? Important! Be sure to click the correct Firm at the top of the dashboardStep by Step Solution
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