Question
In: Accounting
Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following...
Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August:
| Work-in-process inventory, August 1 | |||
| Conversion: 70% complete | 31,000 | units | |
| Work-in-process inventory, August 31 | |||
| Conversion: 50% complete | 25,000 | units | |
| Units started | 69,000 | ||
| Units completed and transferred out | ? | ||
| Costs | |||
| Work-in-process inventory, August 1 | |||
| Material X | $ | 66,700 | |
| Material Y | 80,800 | ||
| Conversion | 118,860 | ||
| Costs added during August | |||
| Material X | 152,300 | ||
| Material Y | 204,200 | ||
| Conversion | 231,140 |
Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 80% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method.
Required:
1. & 2. Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department.
3. Calculate the cost of units transferred out.
4. Calculate the cost of the ending Work-in-Process Inventory.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following...
Arsenio Company manufactures a single product that goes through
two processes, mixing and cooking. The following data pertain to
the mixing department for August: Work-in-process inventory, August
1 Conversion: 70% complete 31,000 units Work-in-process inventory,
August 31 Conversion: 50% complete 34,000 units Units started
69,000 Units completed and transferred out ? Costs Work-in-process
inventory, August 1 Material X $ 60,900 Material Y 86,100
Conversion 119,860 Costs added during August Material X 154,500
Material Y 98,700 Conversion 228,740 Material X is...
Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following...
Arsenio Company manufactures a single product that goes through
two processes, mixing and cooking. The following data pertain to
the mixing department for August:
Work-in-process inventory, August 1
Conversion: 90% complete
29,000
units
Work-in-process inventory, August 31
Conversion: 50% complete
30,000
units
Units started
71,000
Units completed and transferred out
?
Costs
Work-in-process inventory, August 1
Material X
$
65,000
Material Y
88,200
Conversion
119,690
Costs added during August
Material X
150,700
Material Y
170,800
Conversion
279,810
Material X is...
Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following...
Arsenio Company manufactures a single product that goes through
two processes, mixing and cooking. The following data pertain to
the mixing department for August:
Work-in-process inventory, August 1
Conversion: 90% complete
37,000
units
Work-in-process inventory, August 31
Conversion: 50% complete
30,000
units
Units started
63,000
Units completed and transferred out
?
Costs
Work-in-process inventory, August 1
Material X
$
61,900
Material Y
84,400
Conversion
118,470
Costs added during August
Material X
151,500
Material Y
90,600
Conversion
145,030
Material X is...
Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following...
Arsenio Company manufactures a single product that goes through
two processes, mixing and cooking. The following data pertain to
the mixing department for August:
Work-in-process inventory, August 1
Conversion: 90% complete
33,000
units
Work-in-process inventory, August 31
Conversion: 50% complete
32,000
units
Units started
67,000
Units completed and transferred out
?
Costs
Work-in-process inventory, August 1
Material X
$
68,100
Material Y
83,300
Conversion
118,660
Costs added during August
Material X
152,200
Material Y
141,100
Conversion
284,540
Material X is...
Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The...
Talamoto Co. manufactures a single product that goes through two
processes — mixing and cooking. The following data pertains to the
Mixing Department for September.
Work-in-process Inventory Sept. 1
29,000
units
Conversion
complete
70
%
Work-in-process
inventory Sept. 30
15,000
units
Conversion
complete
50
%
Units started
into production in Sept.
69,000
Units completed
and transferred out
?
units
Costs
Work-in-process
inventory Sept.1
Material P
$
116,000
Material Q
106,000
Conversion
116,000
Costs added in
September
Material P
$
174,000...
Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The...
Talamoto Co. manufactures a single product that goes through two
processes — mixing and cooking. The following data pertains to the
Mixing Department for September.
Work-in-process Inventory Sept. 1
41,000
units
Conversion complete
70
%
Work-in-process inventory Sept. 30
23,000
units
Conversion complete
50
%
Units started into production in Sept.
105,000
Units completed and transferred out
?
units
Costs
Work-in-process inventory Sept.1
Material P
$
176,000
Material Q
161,000
Conversion
139,000
Costs added in September
Material P
$
264,000...
alamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The...
alamoto Co. manufactures a single product that goes through two
processes — mixing and cooking. The following data pertains to the
Mixing Department for September.
Work-in-process Inventory Sept. 1 28,000
units
Conversion complete 70%
Work-in-process inventory Sept. 30 16,000
units
Conversion complete 50%
Units started into production in Sept.
72,000
Units completed and transferred out ?
units
Costs
Work-in-process inventory Sept.1 $120,000
Material P 110,000
Material Q 165,000
Conversion
Costs...
A company manufactures a product that goes through two processes. You are given the following cost...
A company manufactures a product that
goes through two processes. You are given the following cost
information about the process for the month of November 2019.
Process 1
Process 2
Inputs (units)
15,000
-
Finished input from process 1
-
10,000
Finished output in process 2
10,000
-
Finished unit output from process
2
-
9,500
Opening WIP – Units
-
2,000
Opening WIP - Value
-
GHS 26,200
Input – Material
GHS 26,740
-
- Labour
GHS 36,150
GHS...
Bramble Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are...
Bramble Company manufactures its product, Vitadrink, through two
manufacturing processes: Mixing and Packaging. All materials are
entered at the beginning of each process. On October 1, 2020,
inventories consisted of Raw Materials $27,400, Work in
Process—Mixing $0, Work in Process—Packaging $253,700, and Finished
Goods $290,900. The beginning inventory for Packaging consisted of
11,800 units that were 50% complete as to conversion costs and
fully complete as to materials. During October, 51,200 units were
started into production in the Mixing Department...
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...
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