Problem 4-14A Comprehensive Problem-Weighted-Average Method [LO2, LO3, LO4, LO5]

Question

Problem 4-14A Comprehensive Problem-Weighted-Average Method [LO2, LO3, LO4, LO5]

Honeybutter, Inc., manufactures a product that goes through two departments prior to completion— the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June.

Percent Completed

Compute the costs per equivalent unit for June for the Mixing Department. (Round your answers to 2 decimal places.)

Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department.(Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.)

Prepare a cost reconciliation report for the Mixing Department for June. (Round your intermediate calculation to 2 decimal places and final answers to the nearest whole dollar amount.)

Honeybutter, Inc., manufactures a product that goes through two departments prior to completion— the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during June.

Explanation / Answer

Answer:1

Answer:2

Answer:3

Answer:4

Honeybutter Inc. Material Conversion Units transferred to the next department 450000 450000 Ending work in process 80000 80000 Percent completed 75% 25% units in the ending WIP inventory 60000 20000 Equivalent units of production 510000 470000

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