Honeybutter, Inc., manufactures a product that goes through two - 17798

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  • From: Business,
  • Posted on: Sun 09 Jun, 2013
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Request Description

 

Honeybutter, Inc., manufactures a product that goes through two departments prior to completion— the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June.

 

 

 

Percent Completed

 

Units

Materials

Conversion

  Work in process, beginning

70,000  

70%   

40%   

  Started into production

460,000  

 

 

  Completed and transferred out

450,000  

 

 

  Work in process, ending

80,000  

75%   

25%   


 

 

Materials

Conversion

  Work in process, beginning

$

36,550  

$

13,500  

  Cost added during June

$

391,850  

$

287,300  


 

Required:

Assume that the company uses the weighted-average method.

 

1.

Determine the equivalent units for June for the Mixing Department.

2.

Compute the costs per equivalent unit for June for the Mixing Department. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

3.

Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. (Omit the "$" sign in your response.)

4.

Prepare a cost reconciliation report for the Mixing Department for June. (Omit the "$" sign in your response.)

 

Solution Description
“Do not hire a man who does your work for money, but him who does it for love of it.”

 

 

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Ch 4 Q1.docx
Ch 4 Q1.docx