Essay
Scott Inc., manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the mixing department.
Information for the mixing department for May follows:
During May, 65,000 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during May:
By May 31, 4,000 units that were 80% complete remained in Mixing. Scott uses the weighted average method.
Required:
A. Calculate the equivalent units of production using the weighted average method.
B. Calculate the total costs to account for.
C. Calculate total cost per equivalent unit of production.
D. Calculate the cost of goods transferred to the molding department during May.
E. Calculate the cost of May's ending work-in-process for the mixing department.
Correct Answer:
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B.
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Correct Answer:
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