Story Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had a zero beginning balance. During January, 42,000 gallons of chemicals were started into production. During the month, 34,000 gallons were completed, and 8,000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly through the process.
Story Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had a zero beginning balance. During January, 42,000 gallons of chemicals were started into production. During the month, 34,000 gallons were completed, and 8,000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly through the process.
Related questions
LDR Manufacturing produces a pesticide chemical and uses processcosting. There are three processing departmentsâMixing, Refining,and Packaging. On January 1, 2012, the Refining Department had2,000 gallons of partially processed product in production. DuringJanuary, 32,000 gallons were transferred in from the MixingDepartment and 29,000 gallons were completed and transferred out.At the end of the month, there were 5,000 gallons of partiallyprocessed product remaining in the Refining Department. Seeadditional details below.
Refining Department, beginning balance at January 1,2012
| Quantity: | 2,000 units (partially processed) |
| Cost: | $15,600 of costs transferred in |
| $1,900 of materials cost | |
| $4,500 of conversion cost | |
| $22,000 total account balance |
Costs added during January
| Cost of units transferred in: | $222,400 |
| Direct materials cost | $45,000 |
| Conversion cost | $93,750 |
Refining Department, ending balance at January 31,2012
| Quantity: | 5,000 units (partially processed) |
| % completion for materials cost: | 90% |
| % completion for conversion cost: | 75% |
For the Refining Department in the month of January, what wascost per equivalent unit with respect to direct materials costs?Use the weighted-average method. (Round your calculations to thenearest cent.)
Select one:
A. $1.40
B. $1.34
C. $3.00
D. $7.00
| Old Country Links Inc. produces sausages in three production departmentsâMixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow: units mixing materials conversion
mixing material conversion
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2a. Compute the costs per equivalent unit for September for mixing, materials, and conversion. (Round your intermediate calculations to 1 decimal place. Round your final answers to the nearest whole dollar.)
3a.Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department in September. (Round your intermediate calculations to 1 decimal place. Round your answers to the nearest whole dollar.)
4a. Prepare a cost reconciliation report for the Casing and Curing Department for September. (Round your final answers to the nearest whole dollar.) cost to be ccounted for: cost accounted for s follows: | |||||||||||||||||||||||||||||||
