Splish is a producer of perfume, sourcing materials from all over the world as it creates beautiful scents. In November, Splish was producing perfume that would be bottled into 1.2 ounce sizes. The manufacturing department reports the following information related to production of liquid perfume this month. Step 2: Determine physical status of units and convert into equivalent units     Physical Units   Equivalent Units       DM   Conversion Costs       % Added   Equiv. Units   % Added   Equiv. Units Units completed this period   380   100%   380   100%   380 Units in ending WIP Inventory   40   100%   40   40%   16 Total units accounted for   420                 Total equivalent units of work done           420       396   Step 3: Account for costs     Total Costs   DM   Conversion Costs Costs in beginning WIP Inventory (from last period)   $2,065   $1,400   $665 Costs added to WIP Inventory this period   10,247   6,160   4,087 Total costs to account for   $12,312   $7,560   $4,752   Assign costs to the company’s units completed and to the units in ending WIP Inventory for August by completing Step 5 of the template. Total cost of units completed and removed from WIP Inventory   $enter a dollar amount  Cost of units in ending WIP Inventory   $enter a dollar amount    Recognizing that Splish’s products must still move through the bottling department before being ready for sale, record the journal entry to recognize the completion and removal of units from the manufacturing department. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Account Titles and Explanation Debit Credit enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount   To reach its target profit, Splish’s total budgeted product cost is $33.50 per unit. Therefore, what is the maximum additional cost per unit the company can incur in the bottling department? (Round answer to 2 decimal places, e.g. 15.25.) Maximum additional cost per unit for bottling   $enter the maximum additional cost per unit for bottling in dollars rounded to 2 decimal places      Splish uses the weighted-average method of process costing.

Units to be Assigned Costs Ivy Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 72,000 ounces from the Blending Department. During the period, the Filling Department completed 68,000 ounces, including 6,000 ounces of work in process at the beginning of the period. The ending work in process inventory was 10,000 ounces. How many ounces were started and completed by the Filling Department during the period?fill in the blank 1 ounces

Unit Information with BWIP, FIFO Method Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: Production: Units in process, July 1, 60% complete* Units completed and transferred out Units in process, July 31, 80% complete* * With respect to conversion costs. 11,000 88,000 15,100

Marigold Company has the following equivalent units of production for July: materials 23240 and conversion costs 18500. Production cost data are: Work in process, July 1 Costs added in July Materials $2.50 $2.50 $2.28 Materials Conversion The unit production costs for July are: $2.28 $5100 53000 Conversion Costs $2.22 $2.40 $2.40 $3400 $2.22 41000

Splish is a producer of perfume, sourcing materials from all over the world as it creates beautiful scents. In November, Splish was producing perfume that would be bottled into 1.2 ounce sizes. The manufacturing department reports the following information related to production of liquid perfume this month. Step 2: Determine physical status of units and convert into equivalent units     Physical Units   Equivalent Units       DM   Conversion Costs       % Added   Equiv. Units   % Added   Equiv. Units Units completed this period   380   100%   380   100%   380 Units in ending WIP Inventory   40   100%   40   40%   16 Total units accounted for   420                 Total equivalent units of work done           420       396   Step 3: Account for costs     Total Costs   DM   Conversion Costs Costs in beginning WIP Inventory (from last period)   $2,065   $1,400   $665 Costs added to WIP Inventory this period   10,247…

The cost of energy consumed in producing good units in the Bottling Department of Mountain Springs Water Company was $1,100 and $1,107 for June and July, respectively. The number of equivalent units produced in June and July was 11,000 and 12,300 liters, respectively. Evaluate the change in the cost of energy between the two months. Round your answers to the nearest cent. Energy cost per liter, June Energy cost per liter, July The cost of energy has LA by $

Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired individuals. Manufacturing is a one-step process where the bands are cut and sewn. This is the information related to this year's production: Units to Account For Units Materials Conversion 250 Beginning work in process inventory 600 600 Started 21,400 Total units to accounted for 22,000 Ending inventory was 100% complete as to materials and 70% complete as to conversion, and the total materials cost is $59,840 and the total conversion cost is $37,980. Using the weighted-average method, what are the unit costs if the company transferred out 19,000 units? If required, round final answers to two decimal places. Materials Cost per unit Conversion $ Using the weighted-average method, what is the value of the inventory transferred out and the value of the ending WIP inventory? Inventory transferred out $ Ending WIP inventory $

That's Refreshing makes sports drinks for active people using the process cost system. Below are the cost and production data from the Mixing Department for July. The beginning inventory on the first of July was 100% complete as to materials and 20% as to conversions costs.   Units Materials Costs Conversion Costs Inventory, July 1st. 56,700 $11,230.00 $16,560.00 Placed in production in July 135,000 $34,220.00 $43,616.00 Invetory, July 31st. 65,000       The inventory on July 31st was 100% completed for materials and 33% completed as to conversions costs.Prepare a production report using the FIFO Method.(Round your answers to two decimal places when needed and use rounded answers for all future calculations).That's Refreshing   Equivalent Units UNITS Whole Units Transferred In Direct Material Conversion Costs Units to account for:         Beginning work-in-process         Materials Received         Total units to account for         Units to be assigned…

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Using Process Costs For Decision Making The costs of energy consumed in producing good units in the Baking Department of Victor Company were $26,160 and $26,265 for June and July, respectively. The number of equivalent units produced in June and July was 54,500 pounds and 51,500 pounds, respectively. Evaluate the change in the cost of energy between the two months. Round all answers to the nearest cent. Energy cost per pound, June $ Energy cost per pound, July $ The cost of energy has appeared to by $ per pound between June and July.