Hayword, Incorporated uses weighted-average costing and has two departments - mixing and packaging. The following information relates to work in the mixing department for the month of July: 1 Required: 2 Use the data to fill in the following information. (Use cells A5 to B19 from the given information to complete this question.) 1. Compute equivalent units. Mixing Department Costs per Equivalent Unit Units transferred to the next department Ending work in process: Materials Conversion Equivalent units of production 2. Compute costs. 3. Assign costs. Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out Materials Conversion Total Ending work in process inventory: Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units transferred out 4. Prepare report. Mixing Department Cost Reconciliation Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process inventory Cost of units transferred out Total cost accounted for
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Hayword- Incorporated uses weighted-average costing and has two depart.docx
1. Hayword, Incorporated uses weighted-average costing and has two departments - mixing and
packaging. The following information relates to work in the mixing department for the month of
July: 1 Required: 2 Use the data to fill in the following information. (Use cells A5 to B19 from
the given information to complete this question.) 1. Compute equivalent units. Mixing
Department Costs per Equivalent Unit Units transferred to the next department Ending work in
process: Materials Conversion Equivalent units of production 2. Compute costs. 3. Assign costs.
Mixing Department Costs of Ending Work in Process Inventory and the Units Transferred Out
Materials Conversion Total Ending work in process inventory: Equivalent units of production
Cost per equivalent unit Cost of ending work in process inventory Units completed and
transferred out: Units transferred to the next department Cost per equivalent unit Cost of units
transferred out 4. Prepare report. Mixing Department Cost Reconciliation Costs to be accounted
for: Cost of beginning work in process inventory Costs added to production during the period
Total cost to be accounted for Costs accounted for as follows: Cost of ending work in process
inventory Cost of units transferred out Total cost accounted for
