Dutton Industries is a manufacturer of cleaning products.Its main product goes through two departments: Mixing and Bottling.During June, the beginning WIP in the Mixing department was 32% complete as to conversion cost.The beginning inventory included $15,200 for materials and $19,800 for conversion costs.Ending WIP in the Mixing department was 80% complete.All direct materials are added at the beginning of the process in each department.Inspection occurs at the end of the process in both departments.Normal spoilage is 2.5% of good output in Mixing and 1.4% of good output in Bottling.Beginning WIP in Bottling was 60% complete with respect to conversion costs and ending WIP was 30% converted.Beginning WIP included $8,850 for direct materials, $72,200 for transferred in costs and $23,800 for conversion costs.Additional information follows:
Required:
Prepare a production cost worksheet using weighted-average for the Mixing department and FIFO for the Bottling department assuming that spoilage is recognized.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q77: Use the information below to answer the
Q78: Use the information below to answer the
Q79: Answer the following question(s)using the information below:
Hawk
Q80: Answer the following question(s)using the information below:
Hawk
Q81: Playtime Ltd.manufactures toys in two departments: Forming
Q83: Answer the following questions using the information
Q84: Answer the following questions using the information
Q85: New Image Sports uses a process costing
Q86: The calculation of equivalent units under standard
Q87: Answer the following questions using the information
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents