Litres Costs Beginning work in process inventory...
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Accounting
Litres | Costs | |||
Beginning work in process inventory | 0 | litres | Beginning work in process inventory | $0 |
Started production | 14,300 | litres | Costs added during November: | |
Completed and transferred out to | Chicken | 21,740 | ||
Retort in November | 13,600 | litres | Cream | 4,000 |
Ending work in process inventory | Green peppers and mushrooms | 5,440 | ||
(60% of the way through the | Direct labour | 11,200 | ||
mixing process) | 700 | litres | Manufacturing overhead | 9,830 |
Total costs | $52,210 |
1. | Fill in the time line for the Mixing Department. |
2. | Use the time line to help you summarize the flow of physical units and compute the equivalent units. (Hint: Each direct material added at a different point in the production process requires its own equivalent-unit computation.) |
3. | Compute the cost per equivalent unit for each cost category. |
4. | Compute the total costs of the units (litres): |
a. Completed and transferred out to the Retort Department | |
b. In the Mixing Department's ending work in process inventory |
Requirement 1. Fill in the time line for the Mixing Department.
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Requirement 2. Use the time line to help you summarize the flow of physical units and compute the equivalent units.
(Hint: Each direct material added at a different point in the production process requires its own equivalent-unit computation.) (For entries with a zero balance, make sure to enter "0" in the appropriate cell(s).)
Great Chicken | ||||
Mixing Department | ||||
Flow of Physical Units and Computation of Equivalent Units | ||||
| Flow of | Equivalent Units | ||
| Physical | Chicken | Green Peppers | Conversion |
Flow of Production | Units | and Cream | and Mushrooms | Costs |
Units to account for: |
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Units accounted for: |
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Total equivalent units |
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Requirement 3. Compute the cost per equivalent unit for each cost category. (For entries with a zero balance, make sure to enter "0" in the appropriate cell(s). Round the cost per equivalent unit to the nearest cent.)
Great Chicken | |||
Mixing Department | |||
Cost per Equivalent Unit | |||
Month Ended November 30 | |||
| Chicken and | Green Peppers and | Conversion |
Cost per Equivalent Unit: | Cream | Mushrooms | Costs |
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Cost per equivalent unit |
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Requirement 4. Calculate the total cost of the units
(a)completed and transferred out to the Retort Department and
(b)the units in the Mixing Department's ending work in process inventory. (Enter quantities first, then the cost per equivalent unit amounts in the same order as calculated in the preceding step. For entries with a zero balance, make sure to enter "0" in the appropriate cell(s). Round your answers to the nearest whole dollar.)
Great Chicken | |||||||||||||
Mixing Department | |||||||||||||
Cost Assignment | |||||||||||||
Month Ended November 30 | |||||||||||||
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| Cream | and Mushrooms | Conversion Costs | Total | ||||||||
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| Total cost accounted for |
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