Solution-Compute the costs per equivalent unit for june

Compute the costs per equivalent unit for june

Assignment Help Accounting Basics

Reference no: EM131771346

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	106,000	70%	40%
Started into production	503,000
Completed and transferred out	493,000
Work in process, ending	116,000	75%	25%

	Materials		Conversion
Work in process, beginning	$	45,500	$	16,900
Cost added during June	$	488,100	$	358,940

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.)

3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. (Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.)

4. Prepare a cost reconciliation report for the Mixing Department for June. (Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.)

Reference no: EM131771346

Questions Cloud

What limitations exist at present that could be improved : What benefits directly apply to the provision of allied health care services? What limitations exist at present that could be improved, and how so?

What are some of the ethical responsibilities and obligation : What are some of the ethical responsibilities and obligations that management accountants have within an organization. what are some examples

Complete a component of a brand extension marketing plan : Complete a component of a Brand Extension Marketing Plan for one new product on the behalf of an existing for-profit organization

Compute the ending inventory for T Company : Compute the ending inventory for T for 12-31-06 through 12-31-10 using the dollar-value LIFO method

Compute the costs per equivalent unit for june : Compute the costs per equivalent unit for June for the Mixing Department

How much money is received from the sale : The promoter charges $30 for some tickets and $45 for the others. Let x represent the number of $30 tickets and y represent the number of $45 tickets.

How telemedicine is typically being used in an urban setting : Explain telemedicine, and describe how it is typically being used in either a rural or an urban setting at the present time.

How long before the profit found in part : How long before the profit found in part (a) is predicted to double? (Round your answer to the nearest whole number.)

Compute the conversion costs for the month of october : Compute the equivalent units for materials and conversion costs for the month of October using the FIFO method

User Account

All Pages

Compute the costs per equivalent unit for june

Reference no: EM131771346

Reference no: EM131771346

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT