Part IV - Problem - Process Costing.Total = 30 points.

The Whitecotton Company manufacturers a product that goes through two departments.During the month of August, 2019 the following data was recorded for the mixing department.

UnitsMaterialsLaborOverhead

Units in beginning WIP6,000

Units started during Aug.40,000

Units completed34,000

Units in ending WIP12,000

Costs in beginning WIP$54,000 $20,000$10,000

Costs added during Aug.$222,000$420,000$150,000

The ending work in process was 100% complete with respect to materials and 50% complete with respect to labor and overhead.Prepar a Production Cost Report for August, 2019

Production Cost Report

Mixing Department

August, 2019

Step 1 - Reconcile units

Unit Reconciliation:

Units in Beginning WIP_____________________

Units started during August__

Units to account for====================

Units completed and transferred_______

Units in Ending WIP______________________

Units accounted for=====================

Step 2 - Equivalent units

MaterialLaborOverhead

Units:

Units completed:________

EU, WIP________

Totals(EU)=============================

Step 3 - Add costs and compute cost per equivalent unit

Cost per Equivalent Unit Calculation:

MaterialLaborOverheadTotal

Cost:

Beginning WIP_________________________________

Cost incurred -Aug.____________________

Totals===========================================

( / )-

Equivalent units=========================================

( = )

Cost per EU============================= ============