complete a production cost report for the mixing department for the month of september 2018 to determine the cost of the units completed and transferred out and the cost of the ending Work-in-Process Inventory - Mixing. Assume Kirtland paints uses the weighted-average method. please include explanations. ### Mixing Department Production Information for September 2023#### Units and Costs Overview- **Beginning Work-in-Process Inventory** - **Units:** 0 - **Costs:** $0- **Started in Production in September** - **Units:** 24,000 - **Costs:** $41,520*- **Total to Account For** - **Units:** 24,000 - **Costs:** $41,520- **Completed and Transferred to Finishing Department during September** - **Units:** 16,000 - **Costs:** ?- **Ending Work-in-Process Inventory** - **Units:** 8,000 - **Completion:** - **15% complete for direct materials** - **60% complete for conversion costs** - **Costs:** ?- **Total Accounted For** - **Units:** 24,000 - **Costs:** $41,520\*Includes $10,320 for direct materials and $31,200 for conversion costs.

Process costing is a method of cost accounting, which is used where there is continuous production…

Units Costs Beginning Work-in-Process Inventory 24,000 41,520* Started in Production in September 24,000 41,520 Total to Account For Completed and Transferred to Finishing Department during September 16,000 Ending Work-in-Process Inventory (15% complete for 8,000 direct materials; 60% complete for conversion costs) 24,000 S 41,520 Total Accounted For *Includes $10,320 direct materials and $31,200 conversion costs

Units Costs Beginning Work-in-Process Inventory 24,000 41,520* Started in Production in September 24,000 41,520 Total to Account For Completed and Transferred to Finishing Department during September 16,000 Ending Work-in-Process Inventory (15% complete for 8,000 direct materials; 60% complete for conversion costs) 24,000 S 41,520 Total Accounted For *Includes $10,320 direct materials and $31,200 conversion costs

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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Subject: acounting
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