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Mandy Industries is a manufacturer of cleaning products. Its main product goes through two departments: Mixing and Bottling. During June, the beginning WIP in the Mixing department was 32% complete as to conversion cost. The beginning inventory included $15,200 for materials and $19,800 for conversion costs. Ending WIP in the Mixing department was 80% complete. All direct materials are added at the beginning of the process in each department. Inspection occurs at the end of the process in both departments. Normal spoilage is 2.5% of good output in Mixing and 1.4% of good output in Bottling. Beginning WIP in Bottling was 60% complete with respect to conversion costs and ending WIP was 30% converted. Beginning WIP included $8,850 for direct materials, $72,200 for transferred costs and $23,800 for conversion costs. Additional information follows: Mixing Beginning work-in-process units 45,000 Units started this period Units transferred this period Ending work-in-process units Material costs added Conversion costs added 130,000 159,000 9,800 $45,500 $209,650- Bottling 42,000 187,000 10,600 $35,000 $154,910 Required: Prepare a production cost worksheet using weighted-average for the Mixing department

Mandy Industries is a manufacturer of cleaning products. Its main product goes through two departments: Mixing and Bottling. During June, the beginning WIP in the Mixing department was 32% complete as to conversion cost. The beginning inventory included $15,200 for materials and $19,800 for conversion costs. Ending WIP in the Mixing department was 80% complete. All direct materials are added at the beginning of the process in each department. Inspection occurs at the end of the process in both departments. Normal spoilage is 2.5% of good output in Mixing and 1.4% of good output in Bottling. Beginning WIP in Bottling was 60% complete with respect to conversion costs and ending WIP was 30% converted. Beginning WIP included $8,850 for direct materials, $72,200 for transferred costs and $23,800 for conversion costs. Additional information follows: Mixing Beginning work-in-process units 45,000 Units started this period Units transferred this period Ending work-in-process units Material costs added Conversion costs added 130,000 159,000 9,800 $45,500 $209,650- Bottling 42,000 187,000 10,600 $35,000 $154,910 Required: Prepare a production cost worksheet using weighted-average for the Mixing department

FINANCIAL ACCOUNTING
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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Mandy Industries is a manufacturer of cleaning products. Its main product goes through two departments: Mixing and Bottling. During June, the beginning WIP in the Mixing department was 32% complete as to conversion cost. The beginning inventory included $15,200 for materials and $19,800 for conversion costs. Ending WIP in the Mixing department was 80% complete. All direct materials are added at the beginning of the process in each department. Inspection occurs at the end of the process in both departments. Normal spoilage is 2.5% of good output in Mixing and 1.4% of good output in Bottling. Beginning WIP in Bottling was 60% complete with respect to conversion costs and ending WIP was 30% converted. Beginning WIP included $8,850 for direct materials, $72,200 for transferred costs and $23,800 for conversion costs. Additional information follows: Beginning work-in-process units 45,000 Units started this period Units transferred this period Ending work-in-process units Material costs added Mixing Conversion costs added 130,000 159,000 9,800 $45,500 $209,650- Bottling 42,000 187,000 10,600 ? $35,000 $154,910 Required: Prepare a production cost worksheet using weighted-average for the Mixing department
Transcribed Image Text:Mandy Industries is a manufacturer of cleaning products. Its main product goes through two departments: Mixing and Bottling. During June, the beginning WIP in the Mixing department was 32% complete as to conversion cost. The beginning inventory included $15,200 for materials and $19,800 for conversion costs. Ending WIP in the Mixing department was 80% complete. All direct materials are added at the beginning of the process in each department. Inspection occurs at the end of the process in both departments. Normal spoilage is 2.5% of good output in Mixing and 1.4% of good output in Bottling. Beginning WIP in Bottling was 60% complete with respect to conversion costs and ending WIP was 30% converted. Beginning WIP included $8,850 for direct materials, $72,200 for transferred costs and $23,800 for conversion costs. Additional information follows: Beginning work-in-process units 45,000 Units started this period Units transferred this period Ending work-in-process units Material costs added Mixing Conversion costs added 130,000 159,000 9,800 $45,500 $209,650- Bottling 42,000 187,000 10,600 ? $35,000 $154,910 Required: Prepare a production cost worksheet using weighted-average for the Mixing department
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