Firenze, Ic., manufactures a product that goes through two departments prior to completion-the Mixing Department followed...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Firenze, Ic., manufactures a product that goes through two departments prior to completion-the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June. Units 85,000 400,000 Percent Completed Materials Conversion 30% Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during June 70% 385,000 100,000 80% 45% $41,200 $368,000 $16,500 $263,000 Required: Assume that the company uses the weighted-average method. 1. Determine the equivalent units for June for the Mixing Department. 2. Compute the costs per equivalent unit for June for the Mixing Department. 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. 4. Prepare a cost reconciliation report for the Mixing Department for June. Firenze, Ic., manufactures a product that goes through two departments prior to completion-the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June. Units 85,000 400,000 Percent Completed Materials Conversion 30% Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during June 70% 385,000 100,000 80% 45% $41,200 $368,000 $16,500 $263,000 Required: Assume that the company uses the weighted-average method. 1. Determine the equivalent units for June for the Mixing Department. 2. Compute the costs per equivalent unit for June for the Mixing Department. 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. 4. Prepare a cost reconciliation report for the Mixing Department for June.
Expert Answer:
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date:
Students also viewed these accounting questions
-
Honeybutter, Inc., manufactures a product that goes through two departments prior to completionthe Mixing Department followed by the Packaging Department. The following information is available about...
-
CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing...
-
A company manufactures a product that goes through two processes. You are given the following cost information about the process for the month of November 2019. Process 1 Process 2 Inputs (units)...
-
Research about the competitive and comparative advantage of the Argentina in terms of physical and human resources and how it is making use of these resources for international trade purpose. 3....
-
In 2008 the Better Business Bureau settled 75% of complaints they received (USA Today, March 2, 2009). Suppose you have been hired by the Better Business Bureau to investigate the complaints they...
-
Consider the chlorate ion, ClO 3 , in which all three oxygen atoms are bound to a central chlorine atom. The oxidation state of the Cl atom in this ion is not 1. (a) Why doesnt the halide rule apply...
-
When would a fire and gas function be classified as a SIF?
-
Brooklyn Cabinets is a manufacturer of kitchen cabinets. The two cabinetry styles manufactured by Brooklyn are contemporary and farmhouse. Contemporary style cabinets sell for $90 and farmhouse style...
-
ACME Inc. has current assets of $450,000 and capital assets of $630,000. Its budgeted production volume for the next fiscal year is 200,000 units. Fixed costs are projected at $400,000 and variable...
-
What Are Empirical/Research Articles? Describe the resource assigned to you including two examples of how this resource will support your successful completion of the capstone project?
-
The Pitohui Company is a display advertising agency. On 1 September 20X8 it signed a contract worth CU600,000 to promote a brand of soft drink in four different billboard advertisements. The...
-
(a) What is the energy of a \(540-\mathrm{nm}\) photon emitted by a green laser source? (b) There are two green lasers that both emit \(540-\mathrm{nm}\) photons. Laser \(A\) has a power rating of...
-
Explain the concept of reasonable efforts. When is this obligation triggered?
-
Explain the concept of failure to protect.
-
What happens after a case is screened in?
-
What is emotional abuse and neglect?
-
This week's content has been specifically focused on how mathematical tools can aid in decision making. Considering this content, in your initial post, discuss a decision environment where...
-
Figure displays a 12.0 V battery 3 four uncharged capacitors of capacitances C1 = 4.00F, C2 = 6.00F, and C3 = 3.00F. The switch is thrown to the left side until capacitor 1 is fully charged. Then the...
-
Refer to the data for The Exterminator Inc. in Exercise 96. In Exercise 96, The Exterminator Inc. provides on-site residential pest extermination services. The company has several mobile teams who...
-
At the end of three years, when you graduate from college, your father has promised to give you a used car that will cost $12,000. Required: What lump sum must he invest now to have the $12,000 at...
-
Arbon Company has three service departments and two operating departments. Selected data concerning the five departments are presented below: The company allocates service department costs by the...
-
The system in Figure P1.6 is at $20^{\circ} \mathrm{C}$. If atmospheric pressure is $101.3 \mathrm{kPa}$ and the absolute pressure at the bottom of the tank is $264.1 \mathrm{kPa}$, what is the...
-
A vertical, cylindrical tank with a diameter of $10 \mathrm{~m}$ and a depth of $4 \mathrm{~m}$ is filled to the top with water at $25^{\circ} \mathrm{C}$. If the water is heated to $60^{\circ}...
-
An adult, male giraffe has a blood pressure on the order of $37 \mathrm{kPa}$ above atmospheric pressure. How high can the giraffe heart pump a column of blood with specific gravity of 1.06 ?
Study smarter with the SolutionInn App