Purchase Solution

Honey Butter, Inc. Weighted Average Process Costing

Not what you're looking for?

Ask Custom Question

Honey Butter, 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 Conversions
Work in Process, beginning 70,000 70% 40%
Started into production 460,000
Completed and Transferred out 450,000
Work in Process, ending 80,000 75% 25%
Materials Conversions
Work in Process, beginning 36550 13500
Cost added during June 391850 287300

1) Determine the equivalent units for June for the Mixing Department

2) Compute the costs per equivalent unit for June for the Mixing Depatment

3) Determine the toal cost of ending work in process inventory and the total cost of units transferred to the packing Department.

4) Prepare a cost reconciliation report for the Mixing Department for June.

Purchase this Solution

Solution Summary

Your tutorial shows you an organized method for getting the needed elements and the excel template is now useful for further problems. Update the data and the solution updates for new amounts.

Solution provided by:
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution


Free BrainMass Quizzes
Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.