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Question 4: Rahmahs Victorian Chips Company produces special spicy chips from potato, wheat and corn...

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Accounting

Question 4: Rahmahs Victorian Chips Company produces special spicy chips from potato, wheat and corn from produced locally in Victoria State, Australia. The company uses the weighted-average method in its process costing system. Data for November for the Mixing department follow:

Percent Completed

Units

Mixing

Materials

Conversion

Work in process inventory, November 1

1

100%

90%

80%

Work in process inventory, November 30

1

100%

80%

70%

Mixing

Materials

Conversion

Work in process inventory, November 1

$1,670

$90

$605

Cost added during November

$81,460

$6,006

$42,490

During November, 50 batches (i.e., units) were completed and transferred to the Department.

Required:

4A): Determine the equivalent units for September for mixing, materials, and conversion. Do not round off your computations. [ 2 Marks ]

4B): Compute the costs per equivalent unit for September for mixing, materials, and conversion. [ 2 Marks ]

4C): Determine the total cost of ending work in process inventory and the total cost of units transferred to the Department in November. [ 2 Marks ]

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