Question: Anyone know how to answer this question entirely? dont really understand Arsenio Company manufactures a single product that goes through two processes, mixing and cooking.

Arsenio Company manufactures a single product that goes through two processes, mixing

Anyone know how to answer this question entirely? dont really understand

and cooking. The following data pertain to 71, eaa $ 65,eaa 88,

Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to 71, eaa $ 65,eaa 88, 2aa 119, sga 150, 7aa 170, saa 279,81a the mixing department for August: iork-in-process inventory, August I Conversion: complete Work-in-process inventory, August 31 Conversion: complete Units started Units completed and transferred out Costs Work- in-process inventory, August Material X Material Y Conversion Costs added during August Material X Material Y Conversion 29,eaa units , units 30 Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 80% complete with regard to conversion. Conversion costs are incurred uniformly during the process The company uses the weighted-average cost method. Required: 1. & 2. Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department. 3. Calculate the cost of units transferred out 4. Calculate the cost of the ending Work-in-Process Inventory. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department. (Round "Cost per Equivalent Unit" answers to 2 decimal places.) Equivalent units Cost per Equivalent unit Req 1 and 2 Req 3

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!