Hayword, Inc. uses weighted-average costing and has two departments and has provided data related to its mixing department for the month of July. The Controller has asked you prepare a cost reconciliation report and provide the related computations. 22 Use the data to fill in the following information.2324(Use cells A5 to B19 from the given information, as well as A30 to C34, A40 to C44, A50 to D57, and A62 to B69 tocomplete this question.)2526 1. Compute equivalent units.27282930 Units transferred to the next department31 Ending work in process:32 MaterialsMixing DepartmentCosts per Equivalent Unit33 Conversion34 Equivalent units of production35Materials180Conversion135 Excel McGraw Hill Excel Question - SavedFileDvB30Home Insert DrawCalibri (Body)X ✓ fxAFormulas✓115Work in process, beginning:6Units in process7 Completion with respect to materials8Completion with respect to conversion9Costs in the beginning inventory:10Materials cost11Conversion cost12Units started into production during the period13 Costs added to production during the period:14Materials cost15Conversion cost16 Work in process, ending:17Units in process18Completion with respect to materials19Completion with respect to conversionDataBBсD3 The following information relates to work in the mixing department for the month of July:4✓ ✓ AvReview View Help30060%40%$10,500$6,7506,200Search (Alt + Q)$332,150$407,64545040%30%

Name: Hayword, Inc. uses weighted-average costing and has two departments an
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Description: Hayword, Inc. uses weighted-average costing and has two departments and has provided data related to its mixing department for the month of July. The Controller has asked you prepare a cost reconciliation report and provide the related computations.

Direct material cost is the cost of raw material produced or purchased to produce the final…

Business

Accounting

The following information relates to work in the mixing department for the month of July: Work in process, beginning: Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the period Costs added to production during the period: Materials cost Conversion cost Work in process, ending: Units in process Completion with respect to materials Completion with respect to conversion 300 60% 40% $10,500 $6,750 6,200 $332,150 $407,645 450 40% 30%

The following information relates to work in the mixing department for the month of July: Work in process, beginning: Units in process Completion with respect to materials Completion with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the period Costs added to production during the period: Materials cost Conversion cost Work in process, ending: Units in process Completion with respect to materials Completion with respect to conversion 300 60% 40% $10,500 $6,750 6,200 $332,150 $407,645 450 40% 30%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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