Question: Bobby Builders manufactures caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking is given below
Bobby Builders manufactures caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking is
given below for the month of November:
Production data:
Pounds of process, Nov ; Materials complete;
Conversion complete
Pounds started into production during November
Pounds completed and transferred out
Pounds in process; Nov ; Materials complete;
Conversion complete
Cost data:
Work in process inventory, Nov :
Materials Cost $
Conversion Cost $
Cost added during November:
Conversion Cost $
The company uses the weightedaverage method.
a Compute the equivalent units pounds of productior Intro Managerial
AccountingACCY
b Compute the total cost per equivalent unit pound for the month points
c Determine the total cost of ending work in process inventory points
d Determine the total cost of units pounds transferred out to the next department points
e After pounds of compound have been cooked, the next processing department is the heating department. Create a journal entry for the transfer of pounds of
compound from the cooking department to the heating department points
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