A-7 Old Country Links, Incorporated, produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. Inthe Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred tothe Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smokingchambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow:Percent CompletedWork in process inventory, September 1Work in process inventory, September 30Work in process inventory, September 1Cost added during SeptemberUnits66Mixing$ 11,664$ 134,136Mixing100%100%Materials Conversion50%10%60%20%Materials$ 228$ 15,241Conversion$ 4,818$ 127,482Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture isprocessed in the Casing and Curing Department in batches; each unit in the above table is a batch and one batch of spiced meatmixture produces a set amount of sausages that are passed on to the Packaging Department. During September, 75 batches (i.e.,units) were completed and transferred to the Packaging Department.Required:1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month ofSeptember.2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month ofSeptember.3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and intotal for September.4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials,conversion, and in total for September.5. Prepare a cost reconciliation report for the Casing and Curing Department for September.

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Description: A-7 Old Country Links, Incorporated, produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. Inthe Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transf

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Old Country Links, Incorporated, produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted- average method in its process costing system. Data for September for the Casing and Curing Department follow: Percent Completed Mixing Materials Conversion 100% 60% 50% 100% 20% 10% Work in process inventory, September 1 Work in process inventory, September 30 Work in process inventory, September 1 Cost added during September Units 6 6 Mixing $ 11,664 $ 134,136 Materials $ 228 $ 15,241 Conversion $ 4,818 $ 127,482

Old Country Links, Incorporated, produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted- average method in its process costing system. Data for September for the Casing and Curing Department follow: Percent Completed Mixing Materials Conversion 100% 60% 50% 100% 20% 10% Work in process inventory, September 1 Work in process inventory, September 30 Work in process inventory, September 1 Cost added during September Units 6 6 Mixing $ 11,664 $ 134,136 Materials $ 228 $ 15,241 Conversion $ 4,818 $ 127,482

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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