How do you get the $41,200 from the 70% of 85000 units shown in answer 2 solution WEIGHTED AVERAGE METHOD (MIXING DEPARTMENT)UnitsParticularsBeginning work in progressCurrent period introduction85,000.00400,000.00485,000.00Total unitsPRODUCTION COST REPORTParticularsCompleted & transferredoutUnits385,000.00100,000.00485,000.00Ending WIPTotal unitsEquivalent units calculationUnits80%45%MaterialCompleted & transferredoutEnding work in progress385,000.00385,000.00385,000.00100,000.0080,000.0045,000.00Total485,000.00465,000.00430,000.00Answer 1:-Equivalent units for material for june for mixing department = 465,000 unitsEquivalent units for coversion for june for mixing department = 430,000 unitsAnswer 2:-Cost per equivalent units for material for june (41200+368000)/465000 = 0.88Cost per equivalent units for conversion for june (16500+263000)/430000 = 0.65Cost per equivalent units for june for mixing department = 0.88 + 0.65 = 1.53 per EUP%3D Firenze, Inc., manufactures a product that goes through two departments prior tocompletion-the Mixing Department followed by the Packaging Department. Thefollowing information is available about work in the first department, the MixingDepartment, during June.Percent CompletedMaterials Conversion70%Work in process, beginningStarted into productionCompleted and transferred outWork in process, endingWork in process, beginningCost added during JuneUnits85,000400,000385,000100,00030%80%$41,200$368,00045%$16,500$263,000Required:Assume that the company uses the weighted-average method.1. Determine the equivalent units for June for the Mixing Department.2. Compute the costs per equivalent unit for June for the Mixing Department.3. Determine the total cost of ending work in process inventory and the total cost of unitstransferred to the Packaging Department.4. Prepare a cost reconciliation report for the Mixing Department for June.

The equivalent units are calculated on the basis of percentage of the work completed during the…

Answered: How do you get the $41,200 from the 70%…

Business

Accounting

How do you get the $41,200 from the 70% of 85000 units shown in answer 2 solution

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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