Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. The following...

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Accounting

imageimageimageimage Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. The following information relates to work in the mixing department for the month of July: Unknown environment 'tabular' Cost in the beginning inventory: Unknown environment 'tabular' Work in process, July 31: Unknown environment 'tabular' Use the data to answer the following. 1. Compute equivalent units. Mixing Department Equivalent Units of Production Unknown environment 'tabular' Units transferred to the next department Ending work in process: Materials Conversion Equivalent units of production 2. Compute cost per equivalent unit. Mixing Department Cost per Equivalent Unit Unknown environment 'tabular' Cost of beginning work in process Cost added during the period Total cost Equivalent units of production Cost per equivalent unit Unknown environment 'tabular' Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory nits completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units transferred out Prepare reconciliation. Mixing Department Cost Reconciliation osts to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for osts accounted for as follows: Cost of ending work in process inventory Cost of units transferred out Total cost accounted for

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