Project 1 i A1 X A Saved fx Hayword, Inc. uses weighted-average costing and has two departments - mixing B C D E 1 Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. 2 The following information relates to work in the mixing department for the month of July: 3 4 Work in process, July 1: ts 5 Units in process 300 6 Percent completed with respect to materials 60% 7 Percent completed with respect to conversion 40% eBook 8 Cost in the beginning inventory: 9 Print Materials cost $10,500 10 Conversion cost $6,750 References 11 Units started into production during the period 6,200 12 Costs added to production during the period: 13 Materials cost $330,912 14 Conversion cost $406,408 15 Work in process, July 31: 16 Units in process 450 17 Percent completed with respect to materials 40% 18 Percent completed with respect to conversion 30% 19 Mc Graw Hill 20 Use the data to answer the following. 21 Type here to search F2 F3 F4 $ 94 #3 W E R D F F5 F6 F7 Prev 1 of 1 Next F8 蚵 85 % & 6 7 29 T Y U כ DELL 81°F Windy COUNT THE HAPE F9 F10 F11 F12 PrtScr Insert Delete * 00 8 9 G H J K C V B N Σ L P - Backs ان roject 1 i 40 Cost per equivalent unit Saved Total 41 42 3. Assign costs. 43 44 Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out 45 Materials Conversion 46 Ending work in process inventory: 47 Equivalent units of production S 48 Cost per equivalent unit 49 Cost of ending work in process inventory eBook 50 51 Units completed and transferred out: Print 52 References 53 Units transferred to the next department Cost per equivalent unit 54 Cost of units transferred out 55 Mc 56 4. Prepare reconciliation. READY Attempt(s) Graw Hill Type here to search Sheet1 *** F2 F3 F4 F5 K # 2 3 $ 4 % 85 F6 F7 6 W E R T Y + 100% Hint Prev 1 of 1 Next 81°F Windy DELL F8 F9 F10 & 7 8 * 00 כ ( 9 F11 く COUNT THE HAPE F12 PrtScr T Insert Delete + - Backs O P B 1 S D F G H J K L X C V B N Σ L نانا
Project 1 i A1 X A Saved fx Hayword, Inc. uses weighted-average costing and has two departments - mixing B C D E 1 Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. 2 The following information relates to work in the mixing department for the month of July: 3 4 Work in process, July 1: ts 5 Units in process 300 6 Percent completed with respect to materials 60% 7 Percent completed with respect to conversion 40% eBook 8 Cost in the beginning inventory: 9 Print Materials cost $10,500 10 Conversion cost $6,750 References 11 Units started into production during the period 6,200 12 Costs added to production during the period: 13 Materials cost $330,912 14 Conversion cost $406,408 15 Work in process, July 31: 16 Units in process 450 17 Percent completed with respect to materials 40% 18 Percent completed with respect to conversion 30% 19 Mc Graw Hill 20 Use the data to answer the following. 21 Type here to search F2 F3 F4 $ 94 #3 W E R D F F5 F6 F7 Prev 1 of 1 Next F8 蚵 85 % & 6 7 29 T Y U כ DELL 81°F Windy COUNT THE HAPE F9 F10 F11 F12 PrtScr Insert Delete * 00 8 9 G H J K C V B N Σ L P - Backs ان roject 1 i 40 Cost per equivalent unit Saved Total 41 42 3. Assign costs. 43 44 Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out 45 Materials Conversion 46 Ending work in process inventory: 47 Equivalent units of production S 48 Cost per equivalent unit 49 Cost of ending work in process inventory eBook 50 51 Units completed and transferred out: Print 52 References 53 Units transferred to the next department Cost per equivalent unit 54 Cost of units transferred out 55 Mc 56 4. Prepare reconciliation. READY Attempt(s) Graw Hill Type here to search Sheet1 *** F2 F3 F4 F5 K # 2 3 $ 4 % 85 F6 F7 6 W E R T Y + 100% Hint Prev 1 of 1 Next 81°F Windy DELL F8 F9 F10 & 7 8 * 00 כ ( 9 F11 く COUNT THE HAPE F12 PrtScr T Insert Delete + - Backs O P B 1 S D F G H J K L X C V B N Σ L نانا
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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