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Yosemite Sam, Inc. produces organic pet foods. The following report was produced for the mixing department of its high-end dog food. By looking at the
Yosemite Sam, Inc. produces organic pet foods. The following report was produced for the mixing department of its high-end dog food. By looking at the report, answer the following questions: 1. How may units were completed and transferred to the next department? 2. What was the percentage of completion of the conversion work for the ending work in process units? 3. What was the total cost to account for? 4. How was the cost of goods transferred to the next department, $17,141.250, determined? 5. How was the cost of goods still in process, $3,610,375, determined? 6. Is it logical that Yosemite uses a process costing system to track its costs? Where available. put your final answer for each question in the box but you MUST provide details of your work, where appropriate. In your uploaded file to receive any credit for the question. Note there are 6 questions but you will only input final answers for 3 of them here. Materials Conversion Completed Units 2,625,000 2,625,000 WIP Units 850,000 382.500 Equiv. Units 3,475,000 3,007,500 Materials Conversion Beg. WIP Costs $1,260,000 $3,650,000 February Costs 2010.500 8.831.125 Costs to account for $8,270,500 $12,481,125 Materials Conversion Beg. WIP Costs $1,260,000 $3,650,000 February Costs 2010.500 8.831.125 Costs to account for $8,270,500 $12,481,125 + Equiv. Units +3.475,000 +_3.007.500 Cost per Equiv. Unit $2.38 $4.15 cost of goods completed and transferred out $17,141,250 cost of ending WIP in molding department $3,610,375
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