Pierce Co Manufactures a Single Product That Goes Through Two Processes

question 55

Essay

Pierce Co. manufactures a single product that goes through two processes - mixing and cooking. The following data pertains to the Mixing Department for September 2013. Material R is added at the beginning of work in the Mixing Department. Material S is also added in the Mixing Department, but not until units of product are thirty percent completed with regard to conversion. Conversion costs are incurred uniformly during the process.
Required:
(1) Calculate the equivalent units for Material R using the weighted-average method.
(2) Calculate the equivalent units for Material S using the weighted-average method.
(3) Calculate the equivalent units for conversion using the weighted-average method.
(4) Calculate the unit costs using the weighted-average method.
(5) Calculate the cost of units completed and transferred out using the weighted-average method.
(6) Calculate the cost of ending work in process using the weighted-average method.

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Definitions:

Glycogen

A multibranched polysaccharide of glucose that serves as a form of energy storage in animals, fungi, and bacteria.

Skeletal System

The framework of bones and cartilages in the body, providing support, protecting internal organs, and facilitating movement.

Mechanical Forces

Physical actions that result in stress or strain upon an object or material, including pulling, pushing, twisting, and compression, significant in physics and engineering.

Synovial Fluid

A viscous fluid found in the cavities of synovial joints, lubricating and nourishing the cartilage and bones within the joint.