The Carnival Caramel Company makes a high-quality caramel candy. The manufacturing process involves mixing ingredients (Mixing Department)
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The Carnival Caramel Company makes a high-quality caramel candy. The manufacturing process involves mixing ingredients (Mixing Department) and shaping the processed mixture into 1-pound balls (Shaping Department), which are sold to retail outlets. No additional material is added in the shaping process. The following information is related to production in March:
Required
Prepare production cost reports for Mixing and Shaping for the month of March. In your calculations, round to two decimal places.
Transcribed Image Text:
Mixing Shaping Unit Information Beginning WIP (Mixing: 100% material, 70% conversion costs) (Shaping: 80% conversion costs) Started during March Ending WIP (Mixing: 100% material, 50% conversion costs) (Shaping: 60% conversion costs) 5,000 5,000 ? 45,000 3,000 1,500 Mixing Shaping Cost Information, Beginning Work in Process $ 4,000 1,600 1,900 Direct material 800 Manufacturing overhead Transferred-in cost 600 4,420 | Cost Added during March $45,500 Direct material Direct labor Manufacturing overhead Transferred-in cost 23,135 25,745 $13,592 9,166
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