Zero beginning inventory, materials introduced in middle of process. Dot and Ken Ice Cream uses a mixing department and a freezing department in producing its ice cream. Its process-costing system in the mixing department has two direct materials cost categories (ice cream mix and avorings) and one conversion cost pool. The following data pertain to the mixing department for April 2017: Work in process, April 1Started in AprilCompleted and transferred to freezingCosts:10,000 gallons8,500 gallonsIce cream mixFlavoringsConversion costs$27,000$ 4,080$53,700The ice cream mix is introduced at the start of operations in the mixing department, and the flavorings areadded when the product is 40% completed in the mixing department. Conversion costs are added evenlyduring the process. The ending work in process in the mixing department is 30% complete.1. Compute the equivalent units in the mixing department for April 2017 for each cost category.2. Compute (a) the cost of goods completed and transferred to the freezing department during April and(b) the cost of work in process as of April 30, 2017.Required

1. Particulars Physical units Equivalent units Ice cream mix Flavoring Conversion cost…

Answered: Work in process, April 1 Started in…

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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Zero beginning inventory, materials introduced in middle of process. Dot and Ken Ice Cream uses a mixing department and a freezing department in producing its ice cream. Its process-costing system in the mixing department has two direct materials cost categories (ice cream mix and avorings) and one conversion cost pool. The following data pertain to the mixing department for April 2017:

Work in process, April 1
Started in April
Completed and transferred to freezing
Costs:
10,000 gallons
8,500 gallons
Ice cream mix
Flavorings
Conversion costs
$27,000
$ 4,080
$53,700
The ice cream mix is introduced at the start of operations in the mixing department, and the flavorings are
added when the product is 40% completed in the mixing department. Conversion costs are added evenly
during the process. The ending work in process in the mixing department is 30% complete.
1. Compute the equivalent units in the mixing department for April 2017 for each cost category.
2. Compute (a) the cost of goods completed and transferred to the freezing department during April and
(b) the cost of work in process as of April 30, 2017.
Required

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