Cost ReconciliationCost to be accounted for:Work in process, April 1Cost added during the month$433,853110,428Total cost to be accounted for$ 144,281Cost accounted for as follows:Work in process, April 30Transferred to next department$436,365107,916$ 144,281Total cost accounted forManagement would like some additional information about Cooperative San José's operations.Required:. What were the Mixing Department's equivalent units of production for 'materials and conversion for April?2. What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventoryconsisted of the following costs: materials, $22,989; and conversion cost, $10,864. The costs added during the month consisted of:naterials, $74,928; and conversion cost, $35,500.B. How many of the units transferred out of the Mixing Department in April were started and completed during that month?1. The manager of the Mixing Department stated, “Materials prices jumped from about $2.10 per unit in March to $2.60 per unit inApril, but due to good cost control I was able to hold our materials cost to less than $2.60 per unit for the month." Shpuld this managerpe rewarded for good cost control?Complete this question by entering your answers in the tabs below.Show lessARequired 1Required 2Required 3Required 4 Cooperative San José of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold insmall bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. The first stage in theproduction process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them inthe proper proportions in large vats. The company uses the weighted-average method in its process costing system.A hastily prepared report for the Mixing Department for April appears below:Units to be accounted for:Work in process, April 1 (materials 90% complete;conversion 80% complete)Started into production9,70031,900Total units to be accounted for41,600Units accounted for as follows:Transferred to next departmentWork in process, April 30 (materials 75% complete;conversion 50% complete)Total units accounted for27,60014,00041,600Cost Reconciliationo be accounteWork in process, April 1Cost added during the monthCostfor:$33,853110,428Total cost to be accounted for$ 144,281Cost accounted for as follows:24Work in process, April 30Transferred to next department36,365107,916$ 144,281Total cost accounted fora an ent... ul ke sam edd14 al info matie nah.

Name: Cost ReconciliationCost to be accounted for:Work in process, April 1C
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Description: Cost ReconciliationCost to be accounted for:Work in process, April 1Cost added during the month$433,853110,428Total cost to be accounted for$ 144,281Cost accounted for as follows:Work in process, April 30Transferred to next department$436,365107,916

1) Particulars Materials Conversion Units completed and transferred out 27600 27600 Work in…

Business

Accounting

to be accounted for: Work in process, April 1 Cost added during the month otal cost to be accounted for ost accounted for as follows: Work in process, April 30 Transferred to next department 33,853 110,428 $ 144,281 36,365 107,916 $ 144, 281 ptal cost accounted for nagement would like some additional information about Cooperative San José's operations. uired: "hat were the Mixing Department's equivalent units of production for materials and conversion for A. /hat were the Mixing Department's cost per equivalent unit for materials and conversion for April? T sisted of the following costs: materials,$22,989; and conversion cost, $10,864. The costs added du erials, $74,928; and conversion cost, $35,500. ow many of the units transferred out of the Mixing Department in April were started and completed he manager of the Mixing Department stated, “Materials prices jumped from about $2.10 per unit in I, but due to good cost control I was able to hold our materials cost to less than $2.60 per unit for th ewarded for good cost control? Complete this question by entering your answers in the tabs below.

to be accounted for: Work in process, April 1 Cost added during the month otal cost to be accounted for ost accounted for as follows: Work in process, April 30 Transferred to next department 33,853 110,428 $ 144,281 36,365 107,916 $ 144, 281 ptal cost accounted for nagement would like some additional information about Cooperative San José's operations. uired: "hat were the Mixing Department's equivalent units of production for materials and conversion for A. /hat were the Mixing Department's cost per equivalent unit for materials and conversion for April? T sisted of the following costs: materials,$22,989; and conversion cost, $10,864. The costs added du erials, $74,928; and conversion cost, $35,500. ow many of the units transferred out of the Mixing Department in April were started and completed he manager of the Mixing Department stated, “Materials prices jumped from about $2.10 per unit in I, but due to good cost control I was able to hold our materials cost to less than $2.60 per unit for th ewarded for good cost control? Complete this question by entering your answers in the tabs below.

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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Task 2. product passes through processes- A, B and C. 10,000 units at a cost of OMR 1.10 were issued to Process A. The other direct expenses were as follows: PROCESS-A PROCESS-B PROCESS-C Sundry materials Direct labour 1,500 8,000 1,500 6,500 1,500 4,500 Direct expenses 1,000 1,000 1,503 The wastage of process: A was 5% and in process B 4% .The wastage of process 'A' was sold at unit and that of 'B' at OMR 0.50 per unit and that of C, at OMR 1.00. The overhead OMR 0.25 charges were 160% of direct labour. The final product was sold at OMR 10 per unit fetching f1080 on costs, Find the percentage of wastage in Process 'C' per
Subject: acounting
1. Direct materials cost per equivalent unit. 2. Conversion cost per equivalent unit. 3. Cost of the beginning work in process completed during March. 4. Cost of units started and completed during March. 5. Cost of the ending work in process.
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< overhead and direct labor hours. Painting Dept. Finishing Dept. Totals ring moving to a multiple department rate system for allocating overhead. The Direct Overhead Labor Hours (dlh) Product A $241,200 83,700 $324,900 10,800 dlh 10,100 20,900 dlh 7 dlh 3 10 dlh Product B 11 dlh 7 18 dlh Using a single plantwide rate, the factory overhead allocated per unit of Product B is Oa. $15.55 O b. $279.90 Oc. $155.50 O d. $156.33
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Equivalent Units and Product Cost Report-Weighted Average Method The following data (and annotations) are for the work in process account of the first of Crocker Company's four departments used in manufacturing its only product for October. Work in Process-Department 1 Beginning balance (2,000 units, 70% complete) Direct material Conversion costs Transferred to department 2 (20,000 units) Direct material (21,000 units) Direct labor Manufacturing overhead Ending balance [(b) units, 25% complete] Assuming that Crocker uses the weighted average method and that materials are added at the beginning of the process and conversion costs are incurred evenly throughout, solve for the three missing numbers. Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number. Complete/Transferred Ending Inventory b. Total $23,250 19,200 (a) 236,250 290,400 96,600 (c) Crocker Company Department 1 Equivalent…
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Required: Prepare the cost of production report of Department B for the month of March assuming the following independent cases: a.) Loss occurred at the start of process; b.) Loss occurred during the process; c.) Loss occurred at the end of process.