Process Costing

Costs

Raw Material . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $26,000

Beginning Work in Process Mixing . . . . . . . . . . . . . . . . . . . . . $0

Beginning Work in Process Packaging . . . . . . . . . . . . . . . . . . $250,000

Units

Beginning Work in Process Mixing . . . . . . . . . . . . . . . . . . . . . 0 units

Beginning Work in Process Packaging:

• 100% complete for material
• 50% complete for conversion . . . . . . . . . . . . 10,000 units

Cost added during the month

Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $210,000

Labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $182,500

Overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$700,000

Total cost of work in process for the Mixing Department . . . . . . . . $1,092,500

Production Data for the Mixing Department

Units Started into production . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000 units

Units transferred out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000 units

Ending Work in Process Mixing . . . . . . . . . . . . . . . . . . . . . . . 5,000 units

Question

I want to know if there is a way to determine the material and conversion percent of completion of the 5,000 units in the Mixing Department or is just and estimated that people do. For example, in some cases: 80,000 units in the Ending Work in Process, 50% material and 25% conversion complete.