FLORIDA CORPORATION

$.......$ manufactures shampoo in two departments, Mixing and Packing. Once the shampoo mixture is completed in the Mixing Department, it is sent to the Packing department, where a machine fills and seals individual bottles, which are then passed to a machine that places the bottles in individual boxes.

In the Mixing department, materials are added at the beginning of the process. In the Packing department, however, we have several different materials and, therefore, materials are added at different parts of the process. $($The percentage of completion amounts are given, so that you don$$t have to figure out what materials are added where.$)$

The company uses the weighted$-$average process costing method for assignment of production costs.

The following information is related to production in the Mixing Department for February $2022$:

Beginning work in process $(50\%)15,000$

Started in February $660,000$

$675,000$

Unit accounting

Transferred to packing $?$

Ending work in process $(80\%)30,000$

Cost information

Material Conversion Total

Beginning work in process $$8,500$ $$3,700$ $$12,200$

Current $254,750192,500447,250$

$$263,250$ $$196,200$ $$459,450$

Required:

For requirements $1$ and $2,$ assume that all units produced were $$good$$ units and met the company$$s quality$-$control standards. $($In the both departments, units are inspected $75\%$ of the way through the production process.$)$

In doing your computations, round ALL equivalent unit costs to $2$ decimal places.

$1.$ Reconcile the physical units to account for and units accounted for; compute the equivalent units of production for Materials and Conversion; compute the unit costs of Materials, Conversion and Total

$2.$ Compute the cost of goods completed and transferred to the next department

$3.$ Prepare the journal entry to record the completion of units in the Mixing Department

$4.$ SUPPOSE that the FIFO method was used for this department instead. What would be the equivalent units and unit costs for materials and conversion?