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 309% converted. Beginning WIP included $8,850 for direct materials, $72,200 for transferred costs and $23,800 for conversion costs. Additional information follows: Mixing Bottling Beginning work-in-process units 45,000 42,000 Units started this period 130,000 Units transferred this period 159,000 187,000 Ending work-in-process units 9,800 10,600 Material costs added $45,500 $35,000 Conversion costs added $209,650 $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 309% converted. Beginning WIP included $8,850 for direct materials, $72,200 for transferred costs and $23,800 for conversion costs. Additional information follows: Mixing Bottling Beginning work-in-process units 45,000 42,000 Units started this period 130,000 Units transferred this period 159,000 187,000 Ending work-in-process units 9,800 10,600 Material costs added $45,500 $35,000 Conversion costs added $209,650 $154,910 Required: Prepare a production cost worksheet using weighted-average for the Mixing department

Name: Mandy Industries is a manufacturer of cleaning prođucts. Its main pro
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Description: Mandy Industries is a manufacturer of cleaning prođucts. Its main product goes through twodepartments: Mixing and Bottling. During June, the beginning WIP in the Mixing đepartmentwas 32% complete as to conversion cost. The beginning inventory incluđ

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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