Bigblue Corporation manufactures paint that goes through three processes - cracking, mixing, and cooking. This information was obtained for the mixing department for the month of July: Work-in-process, July 1 3,000 units Transferred-in costs, July 1 $35,000 Costs added by the department, July 1 Direct materials $17,400 (100 percent complete) Conversion $ 8,100 (60 percent complete) During the month of July, 12,000 units were transferred in from the cracking department at the cost of $240,000. Also, costs totaling $103,180 were added in the mixing department. Direct materials $58,300 Conversion $44,880 During the month, 8,000 units were completed and transferred to the cooking department. On July 31, the degree of completion of work-in-process was as follows: Direct materials 80 percent Conversion 45 percent REQUIRED: 1) Prepare the production cost report of the mixing department for the month of July using the weighted-average method. 2) Prepare the production cost report of the mixing department for the month of July using the FIFO method

Bigblue Corporation manufactures paint that goes through three processes - cracking, mixing, and cooking. This information was obtained for the mixing department for the month of July: Work-in-process, July 1 3,000 units Transferred-in costs, July 1 $35,000 Costs added by the department, July 1 Direct materials $17,400 (100 percent complete) Conversion $ 8,100 (60 percent complete) During the month of July, 12,000 units were transferred in from the cracking department at the cost of $240,000. Also, costs totaling $103,180 were added in the mixing department. Direct materials $58,300 Conversion $44,880 During the month, 8,000 units were completed and transferred to the cooking department. On July 31, the degree of completion of work-in-process was as follows: Direct materials 80 percent Conversion 45 percent REQUIRED: 1) Prepare the production cost report of the mixing department for the month of July using the weighted-average method. 2) Prepare the production cost report of the mixing department for the month of July using the FIFO method

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Description: Please help me Bigblue Corporation manufactures paint that goes through three processes -cracking, mixing, and cooking. This information was obtained for the mixingdepartment for the month of July:Work-in-process, July 1 3,000 unitsTransferred-in cos

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 5PB: Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the...

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