Fire Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $27,700, Work in Process—Mixing $0, Work in Process—Packaging $254,200, and Finished Goods $294,200. The beginning inventory for Packaging consisted of 13,000 units that were 50% complete as to conversion costs and fully complete as to materials. During October, 54,700 units were started into production in the Mixing Department and the following transactions were completed. 1.   Purchased $304,400 of raw materials on account. 2.   Issued raw materials for production: Mixing $212,500 and Packaging $49,000. 3.   Incurred labor costs of $284,300. 4.   Used factory labor: Mixing $186,500 and Packaging $97,800. 5.   Incurred $956,400 of manufacturing overhead on account. 6.   Applied manufacturing overhead on the basis of $22 per machine hour. Machine hours were 32,700 in Mixing and 9,000 in Packaging. 7.   Transferred 48,800 units from Mixing to Packaging at a cost of $980,800. 8.   Transferred 57,000 units from Packaging to Finished Goods at a cost of $1,320,000. 9.   Sold goods costing $1,644,000 for $2,503,000 on account. Journalize the October transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. enter an account title for the first transaction enter a debit amount enter a credit amount   enter an account title for the first transaction enter a debit amount enter a credit amount 2. enter an account title for the second transaction enter a debit amount enter a credit amount   enter an account title for the second transaction enter a debit amount enter a credit amount   enter an account title for the second transaction enter a debit amount enter a credit amount 3. enter an account title for the third transaction enter a debit amount enter a credit amount   enter an account title for the third transaction enter a debit amount enter a credit amount 4. enter an account title for the fourth transaction enter a debit amount enter a credit amount   enter an account title for the fourth transaction enter a debit amount enter a credit amount   enter an account title for the fourth transaction enter a debit amount enter a credit amount 5. enter an account title for the fifth transaction enter a debit amount enter a credit amount   enter an account title for the fifth transaction enter a debit amount enter a credit amount 6. enter an account title for the sixth transaction enter a debit amount enter a credit amount   enter an account title for the sixth transaction enter a debit amount enter a credit amount   enter an account title for the sixth transaction enter a debit amount enter a credit amount 7. enter an account title for the seventh transaction enter a debit amount enter a credit amount   enter an account title for the seventh transaction enter a debit amount enter a credit amount 8. enter an account title for the eighth transaction enter a debit amount enter a credit amount   enter an account title for the eighth transaction enter a debit amount enter a credit amount 9. enter an account title for the ninth transaction to record the sale enter a debit amount enter a credit amount   enter an account title for the ninth transaction to record the sale enter a debit amount enter a credit amount   (To record the sale)       enter an account title for the ninth transaction to record the cost of goods sold enter a debit amount enter a credit amount   enter an account title for the ninth transaction to record the cost of goods sold enter a debit amount enter a credit amount   (To record the cost of goods sold)

Equivalent Units and Product cost Report-Weighted Average Method The following data (and annotations) are for Joyner Company's processing department work-in-process account for the month of June 2019: Beginning inventory (700 units, 40% complete)     Direct materials   $20,335 Conversion costs   55,594 Current period     Direct materials (5,000 units)   245,000 Direct labor   417,200 Manufacturing overhead applied   264,600 Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of 900 units, 70% complete. Compute the following: a. Equivalent units for materials and conversion. b. Cost per equivalent unit for materials and conversion. c. Total cost assigned to the units transferred out.

TK Co. manufactures a single product that goes through two processes, mixing and cooking. The data pertain to the mixing department for April 2016: Work-in-process inventory, April 1 Conversion: 80 percent completed Work-in-process inventory, April 30 Conversion: 40 percent completed Units started into production Units completed and transferred out 27,000 units 17,000 units Costs Work-in-process inventory, April 1 Materials X 64,800 Materials Y 89,100 119,880 Conversion Cost added during April Materials X 152,700 138,400 302,520 Materials Y Conversion Materials X is added at the beginning of work in the mixing department. Material Y also added in the mixing department, but not until units of product are 60 percent complete with regard to conversion. Conversion costs are incurred uniformly during the process. 9. The cost per equivalent unit for material Y is а. Р5.25 b. Р4.50 с. Р3.25 d. P5.00 10. The cost of units transferred out is a. P650,000 b. P787,500 с. Р688,000 d. P750,500 11.…

Loanstar had 50 units in beginning inventory before starting 900 units and completing 750 units. The beginning work in process inventory consisted of $2,000 in materials and $5,000 in conversion costs before $8,450 of materials and $9,450 of conversion costs were added during the month. The ending WIP inventory was 100% complete with regard to materials and 50% complete with regard to conversion costs. Use the above information to complete a production cost report. Enter all amount as positive values. Production Cost Report Work in process completion percent 100% 50% Material Units Conversion Units Total UnitS Completed and transferred out Ending work in process Total units to account for Materials Conversion Total Costs to account for $4 $4 Beginning work in process Incurred during the period $4 Total costs to account for Equivalent units Cost per equivalent unit for department $ %24 %24 %24