Work in process inventory, September 1 Work in process inventory, September 30 Work in process inventory, September 1 Cost added during September Units 1 1 Mixing 100% 100% Mixing $ 1,670 $ 81,460 Percent Completed Materials. Conversion 80% 90% 80% 70% Materials $ 90 $ 6,006 Conversion $ 605 $ 42,490 Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing and Curing Department in batches; each unit in the above table is a batch and one batch of spiced meat mixture produces a set amount of sausages that are passed on to the Packaging Department. During September, 50 batches (i.e., units) were completed and transferred to the Packaging Department. Required: 1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September. 2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September. 3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September. 4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September. 5. Prepare a cost reconciliation report for the Casing and Curing Department for September.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Work in process inventory, September 1
Work in process inventory, September 30
Work in process inventory, September 1
Cost added during September
Units
1
1
Mixing
100%
100%
Mixing
$ 1,670
$ 81,460
Percent Completed
Materials Conversion
80%
90%
80%
70%
Materials
$ 90
$ 6,006
Conversion
$ 605
$ 42,490
Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat
mixture is processed in the Casing and Curing Department in batches; each unit in the above table is a batch and one batch
of spiced meat mixture produces a set amount of sausages that are passed on to the Packaging Department. During
September, 50 batches (i.e., units) were completed and transferred to the Packaging Department.
Required:
1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the
month of September.
2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month
of September.
3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion,
and in total for September.
4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing,
materials, conversion, and in total for September.
5. Prepare a cost reconciliation report for the Casing and Curing Department for September.
Transcribed Image Text:ok nt ences Work in process inventory, September 1 Work in process inventory, September 30 Work in process inventory, September 1 Cost added during September Units 1 1 Mixing 100% 100% Mixing $ 1,670 $ 81,460 Percent Completed Materials Conversion 80% 90% 80% 70% Materials $ 90 $ 6,006 Conversion $ 605 $ 42,490 Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing and Curing Department in batches; each unit in the above table is a batch and one batch of spiced meat mixture produces a set amount of sausages that are passed on to the Packaging Department. During September, 50 batches (i.e., units) were completed and transferred to the Packaging Department. Required: 1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September. 2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September. 3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September. 4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September. 5. Prepare a cost reconciliation report for the Casing and Curing Department for September.
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