4. Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the mixing Department. Complete the partial production cost report below for the mixing Department, showing the equivalent units of production for direct materials and for conversion costs. Data tableUnits to account for:Beginning work-in-process, April 30Started in MayTransferred in during MayTotal units to account forUnits accounted for:Completed and transferred out during MayEnding work-in-process, May 31Total units accounted forPrintMixing DepartmentDone32,00060,00092,00075,00017,00092,000Heating Department4,00075,00079,00068,00011,00079,000 Selected production and cost data of Mary's Acoustics Co. follow for May 2024:(Click the icon to view the production and cost data.)On May 31, the Mixing Department ending Work-in-Process Inventory was 65% complete for materials and 10% complete for conversion costs.The Heating Department ending Work-in-Process Inventory was 70% complete for materials and 75% complete for conversion costs. Thecompany uses the weighted-average method.Read the requirements.for conversion costs.Mary's Acoustics Co.Production Cost Report - Mixing Department (Partial)Month Ended May 31UNITSUnits accounted for:Total units accounted for...PhysicalUnitsEquivalent UnitsDirectMaterialsConversionCosts

The total cost of producing a product, including raw materials and operating costs, is detailed in a…

Answered: 4. Requirement 1. Compute the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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4. Requirement 1. Compute the equivalent units of production for direct materials and for conversion costs for the mixing Department. Complete the partial production cost report below for the mixing Department, showing the equivalent units of production for direct materials and for conversion costs.

Data table
Units to account for:
Beginning work-in-process, April 30
Started in May
Transferred in during May
Total units to account for
Units accounted for:
Completed and transferred out during May
Ending work-in-process, May 31
Total units accounted for
Print
Mixing Department
Done
32,000
60,000
92,000
75,000
17,000
92,000
Heating Department
4,000
75,000
79,000
68,000
11,000
79,000

Selected production and cost data of Mary's Acoustics Co. follow for May 2024:
(Click the icon to view the production and cost data.)
On May 31, the Mixing Department ending Work-in-Process Inventory was 65% complete for materials and 10% complete for conversion costs.
The Heating Department ending Work-in-Process Inventory was 70% complete for materials and 75% complete for conversion costs. The
company uses the weighted-average method.
Read the requirements.
for conversion costs.
Mary's Acoustics Co.
Production Cost Report - Mixing Department (Partial)
Month Ended May 31
UNITS
Units accounted for:
Total units accounted for
...
Physical
Units
Equivalent Units
Direct
Materials
Conversion
Costs

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