3. Compute the Casing and Curing Department’s cost of ending work in process inventory for mixing, materials, conversion, and in total for September. A Week 3 Assignment1 VitalSource Bookshelf: Manageria Xb My Questions | bartlebyC Sign In or Sign Up | Chegg.com xA online.vitalsource.com/#/books/9781259995484/cfi/6/28!/4/2/58/2/4/2@0:0ProblemsEConnectA < Chapter 4 Process C...PROBLEM 4–13 Comprehensive Problem; Second Production Department-Weighted-Average Method LO4–2, LO4-3, LO4–4, LO4-5Old Country Links, Inc., produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats areprepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, andlabeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow:Go to Chapter 4 Process CostingSearch lossaryQuestionsPercent Completed169Units Mixing Materials Conversion170Applying ExcelWork in process inventory, September 1Work in process inventory, September 301100%90%80%171The Foundational 151100%80%70%172ExercisesMixingMaterialsConversionWork in process inventory, September 1$1,670$90$605176ProblemsCost added during September.$81,460$6,006$42,490180CasesMixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing andCuring Department in batches; each unit in the above table is a batch and one batch of spiced meat mixture produces a set amount of sausages that are passed onto the Packaging Department. During September, 50 batches (i.e., units) were completed and transferred to the Packaging Department.181Appendix 4A: FIFO MethodRequired:1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month ofSeptember. Do not round off your computations.2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September.3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total forSeptember.4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, andin total for September.5. Prepare a cost reconciliation report for the Casing and Curing Department for SeptemberAppendix 4A: Exercises,Problems, and Case186Appendix 4B: Service189Department Cost AllocationsAppendix 4B: Exercises,Problems, and Case192---- 176:46 PMP Type here to search10/10/2020近!

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Old Country Links, Inc., produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force- fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow: Percent Completed Units Mixing Materials Conversion Work in process inventory, September 1 Work in process inventory, September 30 1 100% 90% 80% 1 100% 80% 70% Mixing Materials Conversion Work in process inventory, September 1. $1,670 $90 $605 Cost added during September. $81,460 $6,006 $42,490 Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing and Curing Department in batches; each unit in the above table is a batch and one batch of spiced meat mixture produces a set amount of sausages that are passed on to the Packaging Department. During September, 50 batches (i.e., units) were completed and transferred to the Packaging Department. Required: 1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September. Do not round off your computations. 2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September. 3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September. 4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September. 5. Prepare a cost reconciliation report for the Casing and Curing Department for September

Old Country Links, Inc., produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force- fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow: Percent Completed Units Mixing Materials Conversion Work in process inventory, September 1 Work in process inventory, September 30 1 100% 90% 80% 1 100% 80% 70% Mixing Materials Conversion Work in process inventory, September 1. $1,670 $90 $605 Cost added during September. $81,460 $6,006 $42,490 Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing and Curing Department in batches; each unit in the above table is a batch and one batch of spiced meat mixture produces a set amount of sausages that are passed on to the Packaging Department. During September, 50 batches (i.e., units) were completed and transferred to the Packaging Department. Required: 1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September. Do not round off your computations. 2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September. 3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September. 4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September. 5. Prepare a cost reconciliation report for the Casing and Curing Department for September

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 73.6C

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