Solution-Prepare quantity schedule and compute the

Prepare quantity schedule and compute the equivalents units

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Reference no: EM132625455

Selzik Company makes super-premium cake mixes that go through two processing departments, Blending and Packaging. The following activity was recorded in the Blending Department during July:

PRODUCTION DATA: Total

Units in process, July 1 (materials 100% complete; conversion 30% complete) 10,000
Units started into Production 170,000
Units complete- transferred to Packaging xxxxxx
Units in process, July 31 (materials 100% complete; conversion 40% complete) 20,000

COST DATA:

Work in process inventory, July 1:

Materials cost $ 8,500

Conversion cost 4,900 $13,400

Cost added during the month:

Materials cost $139,400

Conversion cost 244,200 383,600

Total Cost $397,000

All materials are added at the beginning of work in the Blending Department.

Required:

Prepare: Production report in weighted average method and FIFO method for the Blending Department for July. Use the following 3 steps as a guide in preparing your report:

Question 1. Prepare: quantity schedule and compute the equivalents units

Question 2. Compute the costs per equivalent unit for the month

Question 3. Using the data from (1) and (2) above, prepare: cost reconciliation

Reference no: EM132625455

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Prepare quantity schedule and compute the equivalents units

Reference no: EM132625455

Reference no: EM132625455

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