Chemicals has a mixing department and a refining department. Its process-costing system in the mixing department has two direct materials cost categories (chemical P and chemical Q) and one conversion costs pool. The following data pertain to the mixing department for July
2014:
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Chemical P is introduced at the start of operations in the mixing department, and chemical Q is added when the product is
80%
completed in the mixing department. Conversion costs are added evenly during the process. The ending work in process in the mixing department is
75%
complete.
Requirements
| 1. | Compute the equivalent units in the mixing department for July2014
for each cost category. |
| 2. | Compute (a) the cost of goods completed and transferred to the refining department during July and (b) the cost of work in process as of July 31,2014. |
Requirement 1. Compute the equivalent units in the mixing department for July
2014
for each cost category. (Enter a “0” for any zero balances.)
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| Equivalent Units | ||||||||||||||||||||
| Conversion | ||||||||||||||||||||
| Physical Units | Chemical P | Chemical Q | Costs | |||||||||||||||||
| Work in process, beginning | 0 | |||||||||||||||||||
| Started during current period | 53,500 | |||||||||||||||||||
| To account for | 53500 | |||||||||||||||||||
| Completed and transferred out during current period | 39,000 | 39,000 | 39000 | 39,000 | ||||||||||||||||
| Work in process, ending | ||||||||||||||||||||
| Accounted for | ||||||||||||||||||||
Equivalent units of work done in current period
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