Manufacturing data for January and February in the Mixing Department of Klinger Kleaning Products follow: January...

Manufacturing data for January and February in the Mixing Department of Klinger Kleaning Products follow:

January February Material used $20,000 $28,400 Labor $15,200 $23,000 Factory overhead $11,400 $19,800 Finished and transferred to Blending Dept. 3,600 3,200 Work in process, end of month 400 600 Stage of completion 3/4 1/4 All materials are added at the start of the process. Labor and factory overhead are added evenly throughout the process. No units were in process at the beginning of January. Goods finished in Mixing are transferred to Blending for further processing.

Required: 1. From an analysis of this information, prepare a cost of production summary for each month, using the weighted average cost method. (Round unit costs to three decimal places.) 2. Make the journal entries for each month to record the cost of materials, labor, and factory overhead used in production and the transfer of finished units from Mixing to Blending.

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

The Welding Department of Majestic Company has the following production and manufacturing cost data for February...

The Welding Department of Majestic Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Majestic uses the FIFO method to compute equivalent units. Manufacturing Costs Production Data Beginning work in process $57,915 Beginning work in process 27,000 units, 10% complete Costs transferred in 243,000 Units transferred out 97,200 Materials 102,600 Units transferred in 115,200 Labor 63,180 Ending work in process 45,000 units, 20% complete Overhead 123,120 Prepare...

The Welding Department of Concord Company has the following production and manufacturing cost data for February...

The Welding Department of Concord Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,300 units, 1/10 complete Materials $17,500 Units transferred out 54,500 Conversion costs 14,160 $31,660 Units started 50,800 Materials 227,070 Ending work in process 11,600 units, 1/5 complete Labor 67,200 Overhead 80,577 Prepare a production cost report for the Welding Department for...

The Welding Department of Vaughn Company has the following production and manufacturing cost data for February...

The Welding Department of Vaughn Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,000 units, 1/10 complete Materials $18,000 Units transferred out 54,600 Conversion costs 14,360 $32,360 Units started 50,900 Materials 199,470 Ending work in process 11,300 units, 1/5 complete Labor 67,500 Overhead 83,034 Prepare a production cost report for the Welding Department for...

The Welding Department of Healthy Company has the following production and manufacturing cost data for February...

The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,100 units, 1/10 complete Materials $17,800 Units transferred out 55,000 Conversion costs 15,160 $32,960 Units started 51,200 Materials 211,598 Ending work in process 11,300 units, 1/5 complete Labor 67,900 Overhead 39,476 Prepare a production cost report for the Welding Department for...

The Welding Department of Swifty Company has the following production and manufacturing cost data for February...

The Welding Department of Swifty Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,300 units, 1/10 complete Materials $18,000 Units transferred out 54,900 Conversion costs 14,760 $32,760 Units started 50,600 Materials 215,945 Ending work in process 11,000 units, 1/5 complete Labor 67,500 Overhead 83,330 Prepare a production cost report for the Welding Department for...

The Welding Department of Majestic Company has the following production and manufacturing cost data for February...

The Welding Department of Majestic Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Majestic uses the FIFO method to compute equivalent units. Beginning work in process $46,332 Beginning work in process 21,600 units, 10% complete Costs transferred in 194,400 Units transferred out 77,760 Materials 82,080 Units transferred in 92,160 Labor 50,544 Ending work in process 36,000 units, 20% complete Overhead 98,496 Prepare a production cost report...

The Welding Department of Healthy Company has the following production and manufacturing cost data for February...

The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 14,500 units, 1/10 complete Materials $17,500 Units transferred out 55,000 Conversion costs 14,560 $32,060 Units started 50,700 Materials 192,444 Ending work in process 10,200 units, 1/5 complete Labor 67,000 Overhead 67,885 Prepare a production cost report for the Welding Department for...

The Welding Department of Healthy Company has the following production and manufacturing cost data for February...

The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,000 units, 1/10 complete Materials $18,000 Units transferred out 55,000 Conversion costs 14,175 $32,175 Units started 51,000 Materials 180,000 Ending work in process 11,000 units, 1/5 complete Labor 67,380 Overhead 61,445 Prepare a production cost report for the Welding Department for...

The Welding Department of Majestic Company has the following production and manufacturing cost data for February...

The Welding Department of Majestic Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Majestic uses the FIFO method to compute equivalent units. Beginning work in process $46,332 Beginning work in process 21,600 units, 10% complete Costs transferred in 194,400 Units transferred out 77,760 Materials 82,080 Units transferred in 92,160 Labor 50,544 Ending work in process 36,000 units, 20% complete Overhead 98,496 Quantities Physical Units Materials Conversion...

The Welding Department of Majestic Company has the following production and manufacturing cost data for February...

The Welding Department of Majestic Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Majestic uses the FIFO method to compute equivalent units. Manufacturing Costs Production Data Beginning work in process $39,897 Beginning work in process 18,600 units, 10% complete Costs transferred in 167,400 Units transferred out 66,960 Materials 70,680 Units transferred in 79,360 Labor 43,524 Ending work in process 31,000 units, 20% complete Overhead 84,816 Prepare...

Subjects