Windsor Cleaner Company uses a weighted-average process costing system and manufactures a single product-an all-purpose liquid cleaner.
Question:
Windsor Cleaner Company uses a weighted-average process costing system and manufactures a single product-an all-purpose liquid cleaner. The company has just completed the manufacturing activity for the month of March. A partially completed production cost report for the month of March for the mixing and blending department is shown below.
Instructions
(a) Prepare a schedule that shows how the equivalent units were calculated so that you can complete the "Quantities: Units accounted for" equivalent units section in the production cost report above, and calculate March unit costs.
(b) Complete the "Cost Reconciliation Schedule" part of the production cost report above.
Step by Step Answer:
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly