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A C D 1 Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. 2 The following information relates to work in the mixing department for the month of July: 3 4 Work in process, July 1: 5 Units in process 300 6 Percent completed with respect to materials 60% 7 Percent completed with respect to conversion 40% 8 Cost in the beginning inventory: f 9 Materials cost 10 Conversion cost 4 11 Units started into production during the period 12 Costs added to production during the period: 13 Materials cost 14 Conversion cost 15 Work in process, July 31: 16 Units in process 17 Percent completed with respect to materials Percent completed with respect to conversion 18 19 20 Use the data to answer the following. $10,500 $6,750 6,200 $332,150 $407,645 450 40% 30% S 22 1. Compute equivalent units. 23 24 25 26 Units transferred to the next department 27 Ending work in process: 28 Materials 29 Conversion 30 Equivalent units of production 31 32 2. Compute cost per equivalent unit. 33 34 35 36 Cost of beginning work in process 37 Cost added during the period 38 Total cost 39 Equivalent units of production 40 Cost per equivalent unit 41 42 3. Assign costs. 222 Mixing Department Equivalent Units of Production Mixing Department Cost per Equivalent Unit Materials 6,050 180 6,230 Materials Conversion 6,050 135 6,185 Conversion Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion 14 45 46 Ending work in process inventory: 47 Equivalent units of production 48 Cost per equivalent unit 49 Cost of ending work in process inventory 50 51 Units completed and transferred out: 52 Units transferred to the next department 53 Cost per equivalent unit 54 Cost of units transferred out 55 56 4. Prepare reconciliation. 57 Mixing Department 58 Cost Reconciliation 59 Costs to be accounted for: 60 Cost of beginning work in process inventory Costs added to production during the period 61 62 Total cost to be accounted for 63 Costs accounted for as follows: 64 Cost of ending work in process inventory Cost of units transferred out 65 Total 56 4. Prepare reconciliation. 57 Mixing Department 58 Cost Reconciliation 59 Costs to be accounted for: 60 Cost of beginning work in process inventory Costs added to production during the period 62 Total cost to be accounted for 61 63 Costs accounted for as follows: 64 Cost of ending work in process inventory 65 Cost of units transferred out 66 Total cost accounted for 67 58