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 during June	$	227,300	$	153,450

Required:

Assume that the company uses the weighted-average method.

1.	Determine the equivalent units of production for June for the Mixing Department.

2.	Compute the costs per equivalent unit for June for the Mixing Department. (Round your answers to 2 decimal places.)

3.	Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. (Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.)

4.	Prepare a cost reconciliation report for the Mixing Department for June. (Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.)

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ekkarill92 answered 2 years ago

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...

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CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June: Percent Complete Units Materials Conversion Work in process, beginning 52,000 75 % 30 % Started into production 450,000 Completed and transferred out 400,000 Work in process, ending 102,000 60 % 40 % Materials Conversion Work in process, beginning $ 47,500 $ 27,000 Cost added during June $...

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Firenze, Inc., manufactures a product that goes through two departments prior to completion—the Mixing Department followed...

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