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* Question 2, E17-18 (similar to) Question Help Preston Chemicals has a mixing department and a refining department. Its process-costing system in the mixing department has two direct materials cost categories (chemical P and chemical Q) and one conversion costs pool. The following data pertain mixing department for July 2014: (Click the icon to view the mixing department data.) Chemical P is introduced at the start of operations in the mixing department, and chemical Q is added when the product is 85% completed in the mixing department. Conversion costs are added evenly during the process. The ending work in process in th mixing department is 65% complete. Requirements 1. Compute the equivalent units in the mixing department for July 2014 for each cost category. 2. Compute (a) the cost of goods completed and transferred to the refining department during July and (b) the cost of work in process as of July 31, 2014. Data Table - X Work in process, ending 17,000 17,000 11,050 Accounted for 52,000 Equivalent units of work done in current period 52,000 35,000 46,050 Units Work in process, July 1 Requirement 2. Compute (a) the cost of goods completed and transferred to the refining department during July and (b) the cost of work in process as of July 31, 2014. Units started 52,000 Begin by computing the cost per equivalent unit for each cost category. Completed and transferred to refining department 35,000 Conversion Costs Chemical P Chemical Q Costs Chemical P S 156,000 Chemical Q 140,000 Divide by Converstion costs 276,300 Cost per equivalent unit Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 2 parts remaining Clear All Check