COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs add

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COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Direct Materials. $ Conversion - Costs 45,000 $ 5,000 11,100 $ 17,100 $ 45,000 71,250 56,100 $ 88,350 $144,450 9.00 $ 11,100 $ 0 11,100 24,300 35,400 20,700 56,100 $ 71,250 3,750 19.00 17,100 $ 6,840 $ 23,940 51,300 Total Costs 75,240 13,110 88,350 $ 28,200 116,250 28,200 6,840 35,040 75,600 110,640 33,810 144,450 Cost per Unit 28.00
UNITS Units to account for: Beginning work-in-process Started in production Total units to account for Units accounted for: Beginning work-in-process Started and completed Transferred to Molding Department Ending work-in-process Total units accounted for Month Ended March 31 Physical Units 900 5,000 5,900 900 2,700 3,600 2,300 5,900 Equivalent Units Direct Materials 0 2,700 2,700 2,300 5,000 Conversion Costs 360 2,700 3,060 690 3,750
Work-in-Process Inventory-Mixing Balance, Mar. 1 Direct materials Direct labor Manufacturing overhead More info 28,200 45,000 29,600 41,650 The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed. I In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred evenly throughout the process. Work in process of the Mixing Department on March 1, 2024, consisted of 900 batches of crayons that were 60% of the way through the production process. The beginning balance in Work-in-Process Inventory-Mixing was $28,200, which consisted of $11,100 in direct materials costs and $17,100 in conversion costs. During March, 5,000 batches were started in production. The Mixing Department transferred 3,600 batches to the Molding Department in March, and 2,300 were still in process on March 31. This ending inventory was 30% of the way through the mixing process. Vultan Wax uses the FIFO method.