Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 24 Aug 2017 My Price 9.00

Cocolots, Inc

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.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Aug 2017 10:08 PM My Price 9.00

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