Question: Sludge, Inc. produces a detergent compound in two separate processes - Mixing and Finishing. In the Mixing process, raw materials are introduced at the beginning

Sludge, Inc. produces a detergent compound in two separate processes - Mixing and Finishing. In the Mixing process, raw materials are introduced at the beginning of the process and processing costs are incurred uniformly throughout the process. The mixed output is then transferred to the Finishing process. The following incomplete Work-in-Process account is available for the month of April for the Mixing process. Prepare detailed LABELED schedules on the following page to support the following requirements. Before you prepare the schedules. PLEASE READ THE REQUIREMENTS CARRY COSTS TO FOUR DECIMAL PLACES. A. ASSUME THE COMPANY USES THE MOVING () AVERAGE COST METHOD What are the equivalent units for materials for April? What are the equivalent units for conversion costs? What is the per unit cost for materials? What is the per unit conversion cost? What is the total cost transferred to Finishing? What is the materials cost in April 30 inventory? What is the conversion cost in the April 30 inventory? ASSUME THE COMPANY USES THE FIFO METHOD. What are the equivalent for materials for April? What are the equivalent units for conversion cost? What is the per unit cost for materials? What is the conversion cost per unit
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