PROBLEM 4A–11 Equivalent Units, Cost per Equivalent Unit, Applying Costs—FIFO Method [LO6, LO7,…

PROBLEM 4A–11 Equivalent Units, Cost per Equivalent Unit, Applying Costs—FIFO Method [LO6, LO7, LO8, LO9]

Refer to the data for the Mixing Department in Honeybutter, Inc., in Problem 4–14. Assume  that

the company uses the FIFO method rather than the weighted-average method in its process costing system.

Required:

1.       Determine the equivalent units for June for the Mixing Department.

2.       Compute the costs per equivalent unit for June for the Mixing Department.

3.       Determine the total cost of ending work in process inventory and the total cost of units trans- ferred to the next process for the Mixing Department in June.

4.       Prepare a cost reconciliation report for the Mixing Department for June.

 

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