Question
In: Accounting
Alberta Corp. (Alberta) manufactures hair shampoo using two departments: a mixing department and a bottling department....
Alberta Corp. (Alberta) manufactures hair shampoo using two departments: a mixing department and a bottling department. Shampoo manufacturing starts with the addition of all of the ingredients in the mixing department. Direct labour and overhead are added evenly throughout the month. Alberta uses the first-in, first-out method of process costing and provided the following information for the month of October.
Beginning work-in-process (WIP) inventory in the mixing department consisted of 750 units that were 15% of the way through the process. This beginning inventory included costs of $5,150 for direct materials, direct labour of $6,250 and overhead of $8,315.
During October, direct materials of $28,950 were added to the mixing department, and
$32,650 in direct labour costs and $55,450 in overhead costs were incurred. At the end of October, 13,500 completed units were transferred to the bottling department, and the remaining 1,650 units in the mixing department were 55% complete.
Required:
Calculate the value of WIP inventory in the mixing department at the end of October.
Solutions
ekkarill92 answered 2 hours agoRelated Solutions
FLORIDA CORPORATION…. manufactures shampoo in two departments, Mixing and Packing. Once the shampoo mixture is completed...
FLORIDA CORPORATION…. manufactures shampoo in
two departments, Mixing and Packing. Once the shampoo mixture is
completed in the Mixing Department, it is sent to the Packing
department, where a machine fills and seals individual bottles,
which are then passed to a machine that places the bottles in
individual boxes.
The company uses the weighted average method for process costing
in both departments. In the Mixing Department, the
materials are all added at the start of the process.
The production report...
Firenze, Inc., manufactures a product that goes through two departments prior to completion—the Mixing Department followed...
Firenze, Inc., manufactures a product that goes through two
departments prior to completion—the Mixing Department followed by
the Packaging Department. The following information is available
about work in the first department, the Mixing Department, during
June.
Percent Completed
Units
Materials
Conversion
Work in process,
beginning
60,000
70%
40%
Started into
production
307,500
Completed and
transferred out
297,500
Work in process,
ending
70,000
75%
25%
Materials
Conversion
Work in process,
beginning
$
21,200
$
7,200
Cost added...
Firenze, Inc., manufactures a product that goes through two departments prior to completion—the Mixing Department followed...
Firenze, Inc., manufactures a product that goes through two
departments prior to completion—the Mixing Department followed by
the Packaging Department. The following information is available
about work in the first department, the Mixing Department, during
June.
Percent Completed
Units
Materials
Conversion
Work in process,
beginning
46,000
70%
40%
Started into
production
248,000
Completed and
transferred out
238,000
Work in process,
ending
56,000
75%
25%
Materials
Conversion
Work in process,
beginning
$
15,100
$
4,400
Cost added...
Firenze, Inc., manufactures a product that goes through two departments prior to completion—the Mixing Department followed...
Firenze, Inc., manufactures a product that goes through two
departments prior to completion—the Mixing Department followed by
the Packaging Department. The following information is available
about work in the first department, the Mixing Department, during
June. Percent Completed Units Materials Conversion Work in process,
beginning 76,000 70% 40% Started into production 375,500 Completed
and transferred out 365,500 Work in process, ending 86,000 75% 25%
Materials Conversion Work in process, beginning $ 29,000 $ 10,200
Cost added during June $ 310,700...
Firenze, Inc., manufactures a product that goes through two departments prior to completion—the Mixing Department followed...
Firenze, Inc., manufactures a product that goes through two
departments prior to completion—the Mixing Department followed by
the Packaging Department. The following information is available
about work in the first department, the Mixing Department, during
June. Percent Completed Units Materials Conversion Work in process,
beginning 106,000 70% 40% Started into production 503,000 Completed
and transferred out 493,000 Work in process, ending 116,000 75% 25%
Materials Conversion Work in process, beginning $ 45,500 $ 16,900
Cost added during June $ 488,100...
Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking...
Jackson Products produces a barbeque sauce using three
departments: Cooking, Mixing, and Bottling. In the Cooking
Department, all materials are added at the beginning of
the process. Output is measured in ounces. The production data for
July are as follows:
Production:
Units in process, July 1, 70% complete*
10,000
Units completed and transferred out
81,000
Units in process, July 31, 80% complete*
15,000
* With respect to conversion costs.
1. Prepare a physical flow schedule for July.
2. Prepare an...
Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted...
Mino Inc. manufactures
chocolate syrup in three departments: Cooking, Mixing, and
Bottling. Mino uses the weighted average method. The following are
cost and production data for the cooking department for April
(Note: Assume that units are measured in gallons.):
Production:
Units in process, April 1, 60% complete
32,000
Units completed and transferred out
40,000
Units in process, April 30, 20% complete
7,500
Costs:
WIP, April 1
$ 80,600
Costs added during April
131,050
Required:
Prepare a production
report for the...
The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 2,950...
The Mountain Springs Water Company has two departments,
Purifying and Bottling. The Bottling Department had 2,950 liters in
beginning work in process inventory (30% complete). During the
period 57,170 liters were completed. The ending work in process was
6,400 liters (70% completed). All inventories are costed by the
first-in, first-out method. What is the total equivalent units for
direct materials (using the FIFO method) if materials were added at
the beginning of the process?
equivalent units
Production Report, Weighted Average Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling....
Production Report, Weighted Average
Mino Inc. manufactures chocolate syrup in three departments:
Cooking, Mixing, and Bottling. Mino uses the weighted average
method. The following are cost and production data for the cooking
department for April (Note: Assume that units are measured
in gallons.):
Production:
Units in process, April 1, 60% complete
32,000
Units completed and transferred out
40,000
Units in process, April 30, 20% complete
6,000
Costs:
WIP, April 1
$ 95,600
Costs added during April
118,640
Required:
Prepare a...
Process Costing Sweetooth manufactures cakes in two departments, Mixing and Baking, using a process cost system....
Process Costing
Sweetooth manufactures cakes in two departments, Mixing and
Baking, using a process cost system. Data for each department for
20X3 are as follows:
Mixing
Baking
Units:
Work-in-process
1/1/X3
3,000
6,000
Started in
process
49,000
?
Completed and
transferred
45,000
40,000
Work-in-process
12/31/X3
5,000
10,000
Costs:
Work-in-process 1/1/X3
Transferred-in
$
n/a
$
9,195
Materials
11,710
-0-
Conversion
2,926
2,524
Added to department
Transferred-in
n/a
?...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Select two PaaS cloud service providers and Analyze each service provider’s capability to provide big-data cloud services...
- Loop Introduction Assignment Please write a program in c# Using the conditions below, write one program...
- A unit of welding machine costs P48,500 with an estimated life of 5 years. Its salvage...
- Find out whether or not the integer pairs are relatively prime: (8, 15), (6, 50), (3,...
- Compute additive and multiplicative inverses of 7 and 9 in Z11 (mod 11). Find out whether...
- IN C++ PLEASE. Use ONLY: exception handling, read and write files, arrays, vectors, functions, headers and...
- 4. Bond yields Coupon payments are fixed, but the percentage return that investors receive varies based...
ADVERTISEMENT