Question

In: Accounting

Hayword, Inc. uses weighted-average costing and has two departments and has provided data related to its...

Hayword, Inc. uses weighted-average costing and has two departments and has provided data related to its mixing department for the month of July. The Controller has asked you prepare a cost reconciliation report and provide the related computations. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.

I need to know what to type into each cell to get the final answer plz help!

Solutions

Expert Solution


Related Solutions

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 34,000 58 % 25 % Work in process, October 31 15,000 83 % 44 % The department started 167,000 units into production during the month and transferred 186,000 completed units to the next department. Required: Assuming the company uses the FIFO method, compute the equivalent units of production...
BMG Inc. uses the weighted-average method in its process costing system. The following data concern the...
BMG Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process ........................................................... 200 Stage of completion with respect to materials ............ 60% Stage of completion with respect to conversion.......... 20% Costs in the beginning inventory: Materials cost ........................................................... $756 Conversion cost ........................................................ $1,508 Units started into production during the month .............. 18,000 Units completed and transferred out...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 54,000 95 % 60 % Work in process, October 31 35,000 73 % 50 % The department started 392,000 units into production during the month and transferred 411,000 completed units to the next department. Required: Compute the equivalent units of production for October.
Cleveland Inc. uses the weighted-average method in its process costing system. The following data concern the...
Cleveland Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department - Cutting - for a recent month. Work-in-process, beginning:    Units in process 300    Percent complete with respect to materials 80%    Percent complete with respect to conversion 70% Costs in the beginning inventory:    Materials cost $1,368    Conversion cost $8,064 Units started into production during the month 11,000 Units completed and transferred out 11,000 Costs added to production during...
Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the...
Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company’s first processing department for a recent month. Work in process, beginning: Units in process 400 Percent complete with respect to materials 90 % Percent complete with respect to conversion 40 % Costs in the beginning inventory: Materials cost $ 756 Conversion cost $ 4,448 Units started into production during the month 13,000 Units completed and transferred out 13,000 Costs added...
Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the...
Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company’s first processing department for a recent month. Work in process, beginning: Units in process 400 Percent complete with respect to materials 90 % Percent complete with respect to conversion 40 % Costs in the beginning inventory: Materials cost $ 756 Conversion cost $ 4,448 Units started into production during the month 13,000 Units completed and transferred out 13,000 Costs added...
Daosta Inc. uses the weighted average method in its process costing system. The following data concern...
Daosta Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process 900 Percent complete with respect to materials 40 % Percent complete with respect to conversion costs 20 % Costs in the beginning inventory: Materials cost $ 530 Conversion cost $ 2108 Units started into production during the month 16,000 Units completed and transferred out 16,000...
Paradise Inc. uses the weighted-average method in its process costing system. The following data concern the...
Paradise Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department, Cutting, for a recent month. Work-in-process, beginning: Units in process 100 Percent complete with respect to materials 70 % Percent complete with respect to conversion 80 % Costs in the beginning inventory: Materials cost $ 525 Conversion cost $ 1,696 Units started into production during the month 11,000 Units completed and transferred out 10,700 Costs added to...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 48,000 85 % 60 % Work in process, October 31 28,000 67 % 49 % The department started 389,000 units into production during the month and transferred 409,000 completed units to the next department. Required: Compute the equivalent units of production for October. QUESTION 1) materials: QUESTION 2)...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are...
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 53,000 95 % 65 % Work in process, October 31 36,000 71 % 53 % The department started 394,000 units into production during the month and transferred 411,000 completed units to the next department. What is the Equivalent of production for Materials and Conversion?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT