Calculate unit cost for the mixing department for june

Assignment Help Cost Accounting

Reference no: EM13949111

Cocolots, Inc., manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Cocolots uses the weighted average method. The following are cost and production data for the Mixing Department for June (assume that units are measured in gallons):

Production:

Units in process, June 1, 60% complete 60,000 Units completed and transferred out 240,000 Units in process, June 30, 20% complete 40,000 Costs:

Work in process, June 1 $ 390,600

Costs added during June 1,171,800

Required

1. Prepare a physical flow analysis for the Mixing Department for the month of June.

2. Calculate equivalent units of production for the Mixing Department for the month of June.

3. Calculate unit cost for the Mixing Department for the month of June.

4. Calculate the cost of units transferred out and the cost of ending work-in- process inventory.

5. Prepare a cost reconciliation for the Mixing Department for the month of June.

Reference no: EM13949111

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