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Cost Job Order

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
Units Materials Conversion
Work in process, beginning 120,000 55% 50%
Started into production 192,000
Completed and transferred out 182,000
Work in process, ending 130,000 60% 40%

Materials Conversion
Work in process, beginning $ 13,500 $ 3,900
Cost added during June $ 145,100 $ 82,680

Required:
Assume that the company uses the weighted-average method.
1. Determine the equivalent units for June for the Mixing Department.

Materials Conversion
Equivalent units of production

2.

Compute the costs per equivalent unit for June for the Mixing Department. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

Materials Conversion
Cost per equivalent unit $ $

3.

Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department. (Omit the "$" sign in your response.)

Total
Cost of ending work in process inventory $
Cost of units completed and transferred out $

4.

Prepare a cost reconciliation report for the Mixing Department for June. (Omit the "$" sign in your response.)

Cost Reconciliation
Costs to be accounted for:
$

Total cost to be accounted for $

Costs accounted for as follows:
$

Total cost accounted for $.

Solution Summary

The solution determines the cost job order.

$2.19