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3 Quantities Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, October 11 Started into production Total costs to be accounted for Mixing and Cooking Department Production Cost Report For the Month Ended October 31, 2022 Equivalent Units Physical Units 18,400 138,000 156,400 110,400 46.000 156.400 Materials Materials $220,800 Conversion Costs Conversion Costs $96.600 Total $317.400 $27.600 289,800 $317.400

3 Quantities Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, October 11 Started into production Total costs to be accounted for Mixing and Cooking Department Production Cost Report For the Month Ended October 31, 2022 Equivalent Units Physical Units 18,400 138,000 156,400 110,400 46.000 156.400 Materials Materials $220,800 Conversion Costs Conversion Costs $96.600 Total $317.400 $27.600 289,800 $317.400

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Quantities Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, October 1 Started into production Total costs to be accounted for Mixing and Cooking Department Production Cost Report For the Month Ended October 31, 2022 Equivalent Units Physical Units 18,400 138,000 156,400 110,400 46.000 156400 Materials Materials $220,800 Conversion Costs Conversion Costs $96.600 Total $317.400 $27.600 289,800 $317400
Transcribed Image Text:Quantities Units to be accounted for Work in process, October 1 (all materials, 70% conversion costs) Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process, October 31 (60% materials, 40% conversion costs) Total units accounted for Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, October 1 Started into production Total costs to be accounted for Mixing and Cooking Department Production Cost Report For the Month Ended October 31, 2022 Equivalent Units Physical Units 18,400 138,000 156,400 110,400 46.000 156400 Materials Materials $220,800 Conversion Costs Conversion Costs $96.600 Total $317.400 $27.600 289,800 $317400
Sheridan Processing Company uses the weighted-average method and manufactures a single product-an industrial carpet shampoo used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking Department is as follows. Beginning work in process is 100% complete for direct materials and 70% complete for conversion costs. Ending work in process is 60% complete for direct materials and 40% complete for conversion costs.
Transcribed Image Text:Sheridan Processing Company uses the weighted-average method and manufactures a single product-an industrial carpet shampoo used by many universities. The manufacturing activity for the month of October has just been completed. A partially completed production cost report for the month of October for the Mixing and Cooking Department is as follows. Beginning work in process is 100% complete for direct materials and 70% complete for conversion costs. Ending work in process is 60% complete for direct materials and 40% complete for conversion costs.
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