Read the requirements quirement 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equival production.) Samson Paper, Co. - X X O Data Table Production Cost Report-Mixing Department Month Ended March 31 Manufacturing Overhead Allocated Equivalent Units Direct Materials Total Direct Labor Costs Physical Direct Conversion HITS Beginning inventory, Mar. 1 360 $ 430 $ 210 $ 1,000 Units Materials Costs 5,140 2,540 3,640 11,320 mi ts to account for. Costs added during March 5,500 $ 2,970 $ 3,850 $ 12,320 Total costs tal units to account for Print Done mits accounted for O More Info - X tal units accounted for On March 1, the Mixing Department had 200 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 200 rolls and also started and completed the mixing process for an additional 4,100 rolls of paper. The department started but did not finish the mixing process for an additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. Direct Conversion Total OSTS Costs Materials Costs sts to account for tal costs to account for Print Done
Read the requirements quirement 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equival production.) Samson Paper, Co. - X X O Data Table Production Cost Report-Mixing Department Month Ended March 31 Manufacturing Overhead Allocated Equivalent Units Direct Materials Total Direct Labor Costs Physical Direct Conversion HITS Beginning inventory, Mar. 1 360 $ 430 $ 210 $ 1,000 Units Materials Costs 5,140 2,540 3,640 11,320 mi ts to account for. Costs added during March 5,500 $ 2,970 $ 3,850 $ 12,320 Total costs tal units to account for Print Done mits accounted for O More Info - X tal units accounted for On March 1, the Mixing Department had 200 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 200 rolls and also started and completed the mixing process for an additional 4,100 rolls of paper. The department started but did not finish the mixing process for an additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. Direct Conversion Total OSTS Costs Materials Costs sts to account for tal costs to account for Print Done
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Samson Paper Co. produces the paper used by wallpaper manufacturers. Samson's four-stage process includes mixing, cooking, rolling, and
cutting.
A (Click the icon to view additional information.)
The Mixing Department compiled the following data for March:
E (Click the icon to view the data.)
Read the requirements.
Requirement 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar. Abbreviation used: EUP = equivalent units
of production.)
Samson Paper, Co.
- X
Data Table
Production Cost Report-Mixing Department
Month Ended March 31
Direct
Materials
Equivalent Units
Direct
Labor
Manufacturing
Total
Costs
Overhead Allocated
Physical
Direct
Conversion
Beginning inventory, Mar. 1
360 $
430 $
210 $
1,000
UNITS
Units
Materials
Costs
5,140
2,540
3,640
11,320
Units to account for:
Costs added during March
$
5,500 $
2,970 $
3,850 $
12,320
Total costs
Total units to account for
Print
Done
Units accounted for:
- X
More Info
Total units accounted for
On March 1, the Mixing Department had 200 rolls of paper in process. During
March, the Mixing Department completed the mixing process for those 200 rolls
Direct
Conversion
Total
and also started and completed the mixing process for an additional 4,100 rolls of
paper. The department started but did not finish the mixing process for an
additional 500 rolls, which were 20% complete with respect to both direct materials
and conversion work at the end of March. Direct materials and conversion costs
are incurred evenly throughout the mixing process.
COSTS
Materials
Costs
Costs
Costs to account for:
Total costs to account for
Print
Done
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