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 $ 218,130

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Expert Solution

	Material	Conversion	Total
Beginning WIP	22800 [76000*.30,Since70% is already completed]	45600 [76000*.60]
started and completed during the period [365500-76000 from beginning WIP = 289500]	289500	289500
Ending WIP	64500 [86000*.75]	21500 [86000*.25]

Equivalent unit	376800	356600
cost incurred during theperiod	310700/376800 = $ .8246	218130/356600=$ .6117
cost allocated to :
Begginning WIP completed during the period	.8246*22800= 18800.88	.6117*45600= 27893.52	46694.4
started and completed	289500*.8246= 238721.7	289500*.6117=177087.15	415808.85
Ending WIP	64500*.8246= 53186.7	21500*.6117= 13151.55	66338.25

cost of unit completed and transfered out =Beginning WIP+ Begginning WIP completed during the period +started and completed

= [29000+10200] + 46694.4+415808.85

= 501703.25

Ending WIP = 66338.25

ekkarill92 answered 1 year ago

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