Question: MANAGEMENT ACCOUNTING (MBA002) Assignment 4 Exercise 1: Process costing Selzik Company makes super - premium cake mixes that go through two processing departments, Blending and
MANAGEMENT ACCOUNTING (MBA002)
Assignment 4
Exercise 1:
Process costing
Selzik Company makes super
-
premium cake mixes that go through two processing departments,
Blending and Packaging. The following activity was
recorded
in the Blending Department duri
ng July:
Production data:
Total
Units in process, July 1
(materials 100% complete; conversion 30% complete)
10,000
Units started into Production
170,000
Units complete and transferred to Packaging
?
Units in process, July 31
(materials 100% co
mplete; conversion 40% complete)
20,000
Cost data:
Work in process inventory, July 1:
Materials cost
$ 8,500
Conversion cost
4,900
$13,400
Cost added during the month:
Materials cost
$139,400
Conversion cost
2
44,200
383,600
Total Cost
$397,000
Prepare a quantity schedule and compute the equivalents units?
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