Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. star inc. manufactures a product that passes throu

Star Inc. manufactures a product that passes through two processes: mixing and packaging. All manufacturing...

70.2K

Verified Solution

Question

Accounting

Star Inc. manufactures a product that passes through two processes: mixing and packaging. All manufacturing costs are added uniformly in the mixing department.

Information for the mixing department for June is as follows:

Work in process, June 1:
Units (30% complete) 15,000
Direct materials $4,000
Direct labor $3,000
Overhead $2,376

During June, 100,000 units were completed and transferred to packaging.

The following costs were incurred by the mixing department during June:

Direct materials $50,000
Direct labor $30,000
Overhead $12,000

On June 30, 8,000 units that were 70 percent complete remained in the mixing department.

Use the weighted average method, and round unit costs to two decimal places.

Required:

A. Determine equivalent units of production for June.

B. Determine June's total costs to account for.

C. Determine the total cost per equivalent unit of production.

D. Determine the cost of goods transferred to the packaging department. E. Determine the cost of June's ending work in process for the mixing department.

F. Determine the equivalent units of production for June if ending inventory had been 80% complete.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students