Question: Honey butter, Inc. Manufactures a product that goes through two departments prior to completion- the Mixing Department followed by the Packaging Department. The following information is available about work in the first department. The Mixing Department, during June.
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|
|
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Percent Completed |
|
|
|
|
Units |
|
Materials |
Conversions |
| Work in Process, beginning |
70,000 |
|
70% |
40% |
|
| Started into production |
460,000 |
|
|
|
|
| Completed and Transferred out |
450,000 |
|
|
|
|
| Work in Process, ending |
80,000 |
|
75% |
25% |
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|
|
|
|
|
Materials |
Conversions |
| Work in Process, beginning |
|
|
36550 |
13500 |
|
| Cost added during June |
|
|
391850 |
287300 |
|
Q1) Determine the equivalent units for June for the Mixing Department
Q2) Compute the costs per equivalent unit for June for the Mixing Depatment
Q3) Determine the total cost of ending work in process inventory and the total cost of units transferred to the packing Department.
Q4) Prepare a cost reconciliation report for the Mixing Department for June.