1. Victory, Inc., manufactures a product that passes through two processes: Mixing and Packaging. All manufacturing...

 

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1. Victory, Inc., manufactures a product that passes through two processes: Mixing and Packaging. All manufacturing costs are added uniformly in the Mixing Department. Information for the Mixing Department for October follows: Work in process, October 1: Units (30% complete) Direct materials Direct labor Overhead During October, 150,000 units were completed and transferred to Packaging. The following costs were incurred by the Mixing Department during October: Direct materials Direct labor Overhead 7,500 $20,000 $15,000 $11,880 Required: I-Using the weighted average method, a. Determine the equivalent units of production for October. Determine the total costs to account for in October. b. c. Determine the total cost per equivalent unit of production. There were 12,000 units that were 70 percent complete remaining in the Mixing Department at October 31. Round unit costs to two decimal places. $250.000 150,000 60,000 II- Using the FIFO method, a. Determine the equivalent units of production for October. b. Determine the total costs to account for in October. d. Calculate the cost of goods transferred to the Packaging Department. e. Calculate the cost of October's ending work in process for the Mixing Department. C. Determine the total cost per equivalent unit of production. d. Calculate the cost of goods transferred to the Packaging Department. e. Calculate the cost of October's ending work in process for the Mixing Department. 1. Victory, Inc., manufactures a product that passes through two processes: Mixing and Packaging. All manufacturing costs are added uniformly in the Mixing Department. Information for the Mixing Department for October follows: Work in process, October 1: Units (30% complete) Direct materials Direct labor Overhead During October, 150,000 units were completed and transferred to Packaging. The following costs were incurred by the Mixing Department during October: Direct materials Direct labor Overhead 7,500 $20,000 $15,000 $11,880 Required: I-Using the weighted average method, a. Determine the equivalent units of production for October. Determine the total costs to account for in October. b. c. Determine the total cost per equivalent unit of production. There were 12,000 units that were 70 percent complete remaining in the Mixing Department at October 31. Round unit costs to two decimal places. $250.000 150,000 60,000 II- Using the FIFO method, a. Determine the equivalent units of production for October. b. Determine the total costs to account for in October. d. Calculate the cost of goods transferred to the Packaging Department. e. Calculate the cost of October's ending work in process for the Mixing Department. C. Determine the total cost per equivalent unit of production. d. Calculate the cost of goods transferred to the Packaging Department. e. Calculate the cost of October's ending work in process for the Mixing Department.