Honey butter inc manufactures a product that goes through

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Honey butter, Inc., manufactures a product that goes through two departments prior to completion. 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.

Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June.

 

 

Reference no: EM13355875

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