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.
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.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F264c8d26-bec6-4d7b-8ae9-5722f54632ea%2Fe127f2fd-0a19-471c-a15a-a66beac4dcb9%2Ftnh2s7v_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F264c8d26-bec6-4d7b-8ae9-5722f54632ea%2Fe127f2fd-0a19-471c-a15a-a66beac4dcb9%2F6lb0fo_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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