subject
Business, 02.03.2020 20:56 seanholmes91405

Production Report, Weighted Average

Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons.):

Production:
Units in process, April 1, 60% complete 32,000
Units completed and transferred out 40,000
Units in process, April 30, 20% complete 6,000
Costs:
WIP, April 1 $ 95,600
Costs added during April 118,640
Required:

Prepare a production report for the cooking department. Round cost per equivalent unit value to the nearest cent and use rounded value in intermediate calculations.

Mino Inc.
Cooking Department Production Report
For the Month of April (Weighted Average Method)
Unit Information
Physical flow:
Units to account for: Units
Units in beginning work in process
Units started
Total units to account for
Units accounted for: Units
Units completed
Units in ending work in process
Total units accounted for
Equivalent units:
Units
Units completed
Units in ending work in process
Total equivalent units
Cost Information
Costs to account for:
Dollars
Costs in beginning work in process $
Costs added by department
Total costs to account for $
Cost per equivalent unit $
Costs accounted for:
Transferred Out Ending Work in Process Total
Goods transferred out $ $
Goods in ending work in process $
Total costs accounted for $ $ $

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 02:50
Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
Answers: 2
question
Business, 22.06.2019 07:00
Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?
Answers: 2
question
Business, 22.06.2019 08:30
Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.
Answers: 1
question
Business, 22.06.2019 08:40
Which of the following statements is true regarding the reporting of outside interests and the management of conflicts? investigators are responsible for developing their own management plans for significant financial interests. the institution must report identified financial conflicts of interest to the u.s. office of research integrity. investigators must disclose their significant financial interests related to their institutional responsibilities and not just those related to a particular project. investigators must disclose all of their financial interests regardless of whether they are related to a research project.
Answers: 3
You know the right answer?
Production Report, Weighted Average

Mino Inc. manufactures chocolate syrup in three depa...
Questions
question
History, 05.05.2020 11:53
Questions on the website: 13722367