Production Cest Report-Mixing Department The Mxing Depatmnt combines the drect m

Question

Production Cest Report-Mixing Department The Mxing Depatmnt combines the drect materialts of paraftin wax and PhysicalDirect added and the crayons are boed In the Mixing Department, the direct materials are added at the beginning of the Work in process of the Mixing Department on Manch 1,2018consisted of 800 r,process on March 31 Thiseringi ?80%of mixing process Cheerful Colors unes FiFO process costing way through the TYPE TO ENTER A CAPTION. Tatal units accounted for Direct CenversionTotal Costs to aocount for Balance, Mar. 1 Direct materials Direct labor Total costs to account for

Explanation / Answer

Solution 1:

Solution 2:

Cheerful colors Mixing Department Computation of Equivalent unit (FIFO) Particulars Physical units Material Conversion Units to be accounted for: Beginning WIP Inventory 800 Units started this period 5200 Total unit to be accounted for 6000 Units Accounted for: Units completed and transferred out From beginning inventory
Material - 0%
Conversion - 90% 800 0 720 Started and completed currently 2200 2200 2200 Units in ending WIP
Material - 100%
Conversion - 80% 3000 3000 2400 Total units accounted for 6000 5200 5320

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