Determine the cost of the ending work in process inventory for the Mixing Department

for materials, labor, overhead, and total for May. Also, calculate the cost of the completed

units transferred to the next department for materials, labor, overhead, and total for May.

Additional information for production in the Mixing Department during May is provided

below:

Production data:

Units $($liters$)$ in process, May $1$:

$$ materials $100\%$ complete; labor and overhead $70\%$ complete $------$$$35,000\mathrm{.}00$

$$ Units $($liters$)$ started into production during May $-------$$$490,000\mathrm{.}00$

$$ Units $($liters$)$ completed and transferred to the Packaging Department $-------$

$$430,000\mathrm{.}00$

Units $($liters$)$ in process, May $31$:

$$ materials $60\%$ complete; labor and overhead $30\%$ complete $------$$$90,000\mathrm{.}00$

Cost data:

Work in process inventory, May $1$:

$$ Materials $$108,000\mathrm{.}00$

$$ Labor $$25,000\mathrm{.}00$

$$ Overhead $$43,000\mathrm{.}00$

Total cost of work in process inventory $$176,000\mathrm{.}00$

Cost added during May:

$$ Materials $$950,000\mathrm{.}00$

$$ Labor $$370,000\mathrm{.}00$

$$ Overhead $$740,000\mathrm{.}00$

Total cost added during May $$2,060,000\mathrm{.}00$

$4.$ Prepare a cost reconciliation report for May.

Answer rating: 100% (QA)

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