Malcom Industries Manufactures a Silicone Paste Wax That Goes Through

question 115

Essay

Malcom Industries manufactures a silicone paste wax that goes through three processing departments: cracking, blending, and packing. All raw materials are introduced at the start of work in the cracking department, with conversion costs being incurred uniformly in each department. The Work-in-Process inventory account for the cracking department for July contains the following information:
$\begin{array}{c}\text { Work-in-Process Inventory (Cracking Department) }\\\\\begin{array}{llr} \text {Balance, July 1 ( 35,000 lbs, \( 4 / 5 \) done) } &\$63,700\\ \text { Direct materials \( (280,0001 \mathrm{bs}) \) } &397,600\\ \text {Conversion costs } &189,700\\ \text { Balance, July 31 (45,000 lbs, 2/3 done) } &??\\ \text { Costs transferred to Blending Dept } &??\\\end{array}\end{array}$

The beginning balance inventory consists of $43,400 in materials cost. Malcom uses the weighted-average method to account for its operations.
Required:
(Use 4 decimal places for computations.)
(a) What would be the Cracking Department's inventory balance on July 31?
(b) What would be the cost transferred to the Blending Dept. in July?

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Definitions:

DNA Sequence

The precise order of nucleotides within a DNA molecule, which determines genetic information.

Neutral Changes

Genetic mutations that do not visibly affect the fitness of an organism.

Beneficial Changes

Alterations in an organism or environment that lead to positive outcomes, such as increased fitness, survival, or adaptation.

Allopatric Speciation

The formation of new species in populations that are geographically isolated from one another.