Silver City Paints provides the following information for the MixingDepartment for the month of September2018...
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Accounting
Silver City Paints provides the following information for the MixingDepartment for the month of September2018
Units
Costs
Beginning Work-in-Process Inventory
0
$0
Started in Production in September
21,000
40,550*
Total to Account For
21,000
40,550
Completed and Transferred to Finishing Department
during September
11,000
?
Ending Work-in-Process Inventory (15% complete for
direct materials; 50% complete for conversion costs)
10,000
?
Total Accounted For
21,000
$40,550
*Includes $3,750 direct materials and $36,800 conversion costs
Complete a production cost report for the Mixing Department for the month of September 2018 to determine the cost of the units completed and transferred out and the cost of the ending Work-in-Process Inventory-dashMixing. Assume Silver City Paints uses the weighted-average method.
Begin by completing a production cost report for the Mixing Department for the month of September 2018
(Complete all answer boxes. Enter a "0" for any zero balances. Round all cost per unit amounts to the nearest cent. Abbreviation used: EUP = equivalent units of production.)
Silver City Paints
Production Cost Report-Mixing Department
Month Ended September 30, 2018
Physical
Direct
Conversion
UNITS
Units
Materials
Costs
Units to account for:
_________________________________
_______
_________________________________
_______
Total units to account for
_______
Units accounted for:
_________________________________
________
________
________
_________________________________
________
________
________
Total units accounted for
________
________
________
Direct
Conversion
Total
COSTS
Materials
Costs
Costs
Costs to account for:
______________________
________
________
________
______________________
________
________
________
Total costs to account for
______________________
________
________
________
Cost per equivalent unit
________
________
________
Costs accounted for:
Direct Materials
Conversion Cost
Total Cost
______________________
________
________
__________
______________________
________
________
__________
Total costs accounted for
________
________
__________
The mixing department transferred _________ units with a cost of $______________ to the Finishing department in September. The ending balance in the Work-in-Process Inventory- Mixing is $_______________
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