Selzik Company makes super-premium cake mixes that go through two processing departments, Blending and Packaging. The following

Question:

Selzik Company makes super-premium cake mixes that go through two processing departments, Blending and Packaging. The following activity was recorded in the Blending Department during July:

Production data: Units in process, July 1 (materials 100% complete; conversion 30% 10,000 complete). Units started into

All materials are added at the beginning of work in the Blending Department. The company uses the FIFO method in its process costing system.


Required:

1. Determine the equivalent units for July for the Blending Department.

2. Compute the costs per equivalent unit for July for the Blending Department.

3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Blending Department in July.

4. Prepare a cost reconciliation report for the Blending Department for July.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

Question Posted: