Honeybutter inc manufactures a product that goes through

Reference no: EM13483970

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	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:
1.	Determine the equivalent units for June for the Mixing Department.

	Materials	Conversion
Equivalent units of production

2.	Compute the costs per equivalent unit for June for the Mixing Department. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

	Materials	Conversion
Cost per equivalent unit	$	$

3.	Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Mixing Department in June. (Omit the "$" sign in your response.)

Total cost of ending work in process inventory	$
Cost of units transferred out	$

4.	Prepare a cost reconciliation report for the Mixing Department for June. (Omit the "$" sign in your response.)

Mixing Department Cost Reconciliation
Costs to be accounted for:
	$


Total cost to be accounted for	$

Costs accounted for as follows:
	$


Total cost accounted for	$

Reference no: EM13483970

Questions Cloud

Powerdyne companys cost of goods sold is consistently 60 : powerdyne companys cost of goods sold is consistently 60 of sales.nbspnbspthe company plans to carry ending

The contract offer called for an immediate signing bonus of : ames hardy recently rejected a 20000000 five year contract with the vancouver seals hockey team. the contract offer

How you file the following items on form 1040 please be : how you file the following items on form 1040? please be specific and inclue any extra calculations

If charles expects to live for 20 years in retirement how : 1. k. herrmann has decided to set up a scholarship fund for students. she is willing to deposit 5000 in a trust fund at

Honeybutter inc manufactures a product that goes through : honeybutter inc. manufactures a product that goes through two departments prior to completion- the mixing department

Make the journal entries necessary for each of the four : cedarville company pays its office employee payroll weekly. below is a partial list of employees and their payroll data

Pacific ink had beginning work-in-process inventory of : pacific ink had beginning work-in-process inventory of 587225 on october 1. of this amount 312500 was the cost of

What atmospheric conditions must change so that the : what atmospheric conditions must change so that the westerly fl owing polar front jet stream reverses direction and

Morse company manufactures basketballs materials are added : morse company manufactures basketballs. materials are added at the beginning of the production process and conversion

User Account

All Pages

Honeybutter inc manufactures a product that goes through

Reference no: EM13483970

Reference no: EM13483970

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