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Honey Butter, Inc. Weighted Average Process Costing

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.

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.