Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing

Departments 

Mixing, Refining, and Packaging. 

On January 1, the first department, Mixing  had no beginning inventory. During January, 48,000 fl. oz. of chemicals were started in production. Of these, 40,000 fl. oz. were completed, and 8,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.

At the end of January, the equivalent unit data for the Mixing Department were as follows:

UNITS		Equivalent Units	Equivalent Units
Units to be accounted for		Direct Materials Costs	Conversion Costs
Completed and transferred out	40,000	40,000	40,000
Ending work-in-process*	8,000	8,000	3,520
	48,000	48,000	43,520

* Percent complete for conversion costs: 44%

In addition to the above, the cost per equivalent unit were$1.35 for direct materials and $5.30 for conversion costs. 

Using this data, calculate the full cost of the ending WIP balance in the Mixing Department. The weighted-average method is used.

Answer rating: 100% (QA)

To calculate the full cost of the ending workinprocess WIP balance in the Mixing Department we need ... View the full answer