Write the last two digits of your student ID here 1) Pierce Co. manufactures a s

Question

Write the last two digits of your student ID here 1) Pierce Co. manufactures a single product that goes through two processes mixing and cooking. The following data pertains to the Mixing Department for September. Substitute the last two digits of your student ID where you see XX. 56,000 XX,000!units Work-in-process inventory, September 30 24,000 units Conversion-40% completed Units started into production Units completed and transferred out Costs: 86,000 units units Material R Material S Conversion $122,300 143,78 194,550 Material R Material S Conversion 409,660 246,820 526,618 Material R is added at the beginning of work in the Mixing Department. Material S is also added in the Mixing Department, but not until units of product are thirty percent completed with regard to conversion. Conversion costs are incurred uniformly during the process. Required: (1) Calculate the equivalent units for Material R using the weighted-average method. (2) Calculate the equivalent units for Material S using the weighted-average method. (3) Calculate the equivalent units for conversion using the weighted-average method. (4) Calculate the unit costs using the weighted-average method. (5) Calculate the cost of units completed and transferred out using the weighted-average method. (6) Calculate the cost of ending work in process using the weighted-average method. (7) Repeat 1-7 using the FIFO method.

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Solution 1-3:

Solution 4:

Solution 5 and 6:

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Computation of Equivalent unit of Production - Weighted Average (Mixing Department) Particulars Physical Units Material R Material S Conversion (Labor + Overhead) Unit completed & Transferred out (56000 + 86000 - 24000) 118000 118000 118000 118000 Closing WIP: 24000 Material R (100%) 24000 Material S (100%) 24000 Conversion (40%) 9600 Equivalent units of production 142000 142000 142000 127600

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