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Cost of work-in-process, on May 1 , in the mixing department were as follows: The...

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Accounting

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Cost of work-in-process, on May 1 , in the mixing department were as follows: The costs added by the mixing department during May were as follows: Prepare a cost of production report using the weighted average method. (Round per units to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.) GROUPER PAINT PRODUCTS COST OF PRODUCTION-MIXING DEPARTMENT FOR MAY, 2012 WEIGHTED AVERAGE METHOD Unit Information Units to account for: Units in beginning work-in- process Units started during May Total units to account for Equivalent Units Conversion Units completed Units in ending work-inprocess Total units accounted for Cost Information: Calculation of Unit Costs Cost to account for: Costs in beginning work-inprocess Costs added Total costs to account for Cost per equivalent unit Cost Information: Costs Transferred Out and Cost of Ending Inventory

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