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In: Accounting
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 $ 358,940 Required: Assume that the company uses the weighted-average method. 1. Determine the equivalent units of production for June for the Mixing Department. 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. 4. Prepare a cost reconciliation report for the Mixing Department for June.
Solutions
ekkarill92 answered 9 months agoRelated Solutions
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...
CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown...
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
51,700
75
%
30
%
Started into production
447,000
Completed and transferred out
397,000
Work in process, ending
101,700
60
%
40
%
Materials
Conversion
Work in process, beginning
$
47,200
$
26,700
Cost added during June
$...
CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown...
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
$...
CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown...
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
50,000
75
%
30
%
Started into
production
430,000
Completed and
transferred out
380,000
Work in process,
ending
100,000
60
%
40
%
Materials
Conversion
Work in process,
beginning
$
45,500
$
25,000
Cost added during
June
$...
Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion....
Builder Products, Inc., manufactures a caulking compound that
goes through three processing stages prior to completion.
Information on work in the first department, Cooking, is given
below for May:
Production
data:
Pounds in
process, May 1; materials
100% complete; conversion 90%
complete
63,000
Pounds
started into production during May
280,000
Pounds
completed and transferred out
?
Pounds
in process, May 31:
materials 75% complete;
conversion 25% complete
23,000
Cost data:
Work in
process inventory, May 1:...
Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion....
Builder Products, Inc., manufactures a caulking compound that
goes through three processing stages prior to completion.
Information on work in the first department, Cooking, is given
below for May:
Production
data:
Pounds in
process, May 1; materials
100% complete; conversion 90%
complete
85,000
Pounds
started into production during May
500,000
Pounds
completed and transferred out
?
Pounds
in process, May 31:
materials 80% complete;
conversion 20% complete
45,000
Cost data:
Work in
process inventory, May 1:...
Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion....
Builder Products, Inc., manufactures a caulking compound that
goes through three processing stages prior to completion.
Information on work in the first department, Cooking, is given
below for May:
Production
data:
Pounds in
process, May 1; materials
100% complete; conversion 90%
complete
85,000
Pounds
started into production during May
500,000
Pounds
completed and transferred out
?
Pounds
in process, May 31:
materials 80% complete;
conversion 20% complete
45,000
Cost data:
Work in
process inventory, May 1:...
Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion....
Builder Products,
Inc., manufactures a caulking compound that goes through three
processing stages prior to completion. Information on work in the
first department, Cooking, is given below for May:
Production data:
Pounds in process, May 1; materials
100% complete; conversion 90%
complete
77,000
Pounds started into production during
May
420,000
Pounds completed and transferred out
?
Pounds in process, May 31:
materials 80% complete;
conversion 20% complete
37,000
Cost
data:
Work in process inventory, May 1:...
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