Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments-Mixing, Refining, and Packaging. On January 1, the first department-Mixing-had no beginning inventory. During January, 45,000 fl. oz. of chemicals were started in production. Of these, 36,000 fl. oz. were completed, and 9,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. At the end of January, the equivalent unit data for the Mixing Department were as follows: UNITS Units to be accounted for Completed and transferred out Ending work-in-process" 36,000 9.000 OA $32,040 OB. $11,250 OC. $56,250 OD. $39,960 Equivalent Units Direct Materials Costs 36,000 9,000 45,000 Equivalent Units Conversion Costs 36,000 3.960 39,960 45.000 Percent complete for conversion costs: 44% In addition to the above, the costs per equivalent unit were $1.25 for direct materials and $5.25 for conversion costs. Using this data, calculate the full cost of the ending WIP balance in the Mixing Department. The weighted-average method is used. C

Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments-Mixing, Refining, and Packaging. On January 1, the first department-Mixing-had no beginning inventory. During January, 45,000 fl. oz. of chemicals were started in production. Of these, 36,000 fl. oz. were completed, and 9,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. At the end of January, the equivalent unit data for the Mixing Department were as follows: UNITS Units to be accounted for Completed and transferred out Ending work-in-process" 36,000 9.000 OA $32,040 OB. $11,250 OC. $56,250 OD. $39,960 Equivalent Units Direct Materials Costs 36,000 9,000 45,000 Equivalent Units Conversion Costs 36,000 3.960 39,960 45.000 Percent complete for conversion costs: 44% In addition to the above, the costs per equivalent unit were $1.25 for direct materials and $5.25 for conversion costs. Using this data, calculate the full cost of the ending WIP balance in the Mixing Department. The weighted-average method is used. C

Name: Pestiferous Manufacturing produces a chemical pesticide and uses proc
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Description: Pestiferous Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments-Mixing, Refining, and Packaging. On January 1, the first department-Mixing-had no beginning inventory. During January, 45,000 fl

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 3E: Radford Inc. manufactures a sugar product by a continuous process, involving three production...

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Petrini Products Co. has two departments: Mixing and Cooking. At the beginning of the month, Cooking had 4,000 units in process with costs of 8,600 from Mixing, and its own departmental costs of 500 for materials, 1,000 for labor, and 2,500 for factory overhead. During the month, 10,000 units were received from Mixing with a cost of 25,000. Cooking incurred costs of 4,250 for materials, 8,500 for labor, and 21,250 for factory overhead, and finished 12,000 units. At the end of the month, there were 2,000 units in process, one-half completed. Required: 1. Determine the unit cost for the month in Cooking. 2. Determine the adjusted weighted average unit cost for all units received from Mixing. 3. Determine the unit cost of goods finished. 4. Determine the accumulated cost of the goods finished and of the ending work in process. (Round unit costs to three decimal places.)
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