1. Mokkoled Company manufactures a liquid diet product in three departments. Data for Blending, the first...

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1. Mokkoled Company manufactures a liquid diet product in three departments. Data for Blending, the first department, follow: Production: Units in process, August 1, 75 percent complete Units completed and transferred out Units in process, August 31, 30 percent complete Costs: Work in process, August 1 Costs added during August Mokkoled uses FIFO costing. Required a. Prepare a physical flow schedule for the Blending Department for August. b. Calculate equivalent units of production for the Blending Department for August. c. Calculate unit cost for materials, conversion, and in total for August. d. Calculate the cost of units transferred out and the cost of ending work in 120,000 400,000 90,000 $ 340,600 1,516,500 process. e. Prepare a cost reconciliation for the Blending Department. 1. Mokkoled Company manufactures a liquid diet product in three departments. Data for Blending, the first department, follow: Production: Units in process, August 1, 75 percent complete Units completed and transferred out Units in process, August 31, 30 percent complete Costs: Work in process, August 1 Costs added during August Mokkoled uses FIFO costing. Required a. Prepare a physical flow schedule for the Blending Department for August. b. Calculate equivalent units of production for the Blending Department for August. c. Calculate unit cost for materials, conversion, and in total for August. d. Calculate the cost of units transferred out and the cost of ending work in 120,000 400,000 90,000 $ 340,600 1,516,500 process. e. Prepare a cost reconciliation for the Blending Department.

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Answer a Physical flow schedule Particulars Quantity Units beginning WIP 120000 Units added during t... View the full answer