Ilar To March 3 Iding De Click T Ad The Re Data Table More Info Work In Process Inventory Mixing Balance Mar 1 Direct 1 (91.62 KiB) Viewed 8 times
Ilar To March 3 Iding De Click T Ad The Re Data Table More Info Work In Process Inventory Mixing Balance Mar 1 Direct 2 (53.73 KiB) Viewed 8 times
ilar to March 3 Iding De (Click t ad the re Data table More info Work-in-Process Inventory-Mixing Balance, Mar. 1 Direct materials Direct labor Manufacturing overhead ▸ 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. 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.
OSTS osts to account for: Beginning work-in-process Costs added during the period otal 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 $ Direct Materials $ $ 11,100 $ 45,000 56,100 $ Conversion Costs 45,000 $ 5,000 9.00 $ 11100 11100 17,100 $ 71,250 88,350 $144,450 71,250 3,750 19.00 17100 2520 Total Costs 19620 28,200 116,250 28200 2520 30720 Cost per Unit
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!