Posted: July 12th, 2016
Maple, Inc. manufactures syrup that goes through three processing stages prior to completion. Information on work in the first department, Blending, is given below for August:
Production data:
Pounds in process, August 1; materials 100% complete; conversion 70% complete 3,000
Pounds started into production during August 85,000
Pounds completed and transferred out ?
Pounds in process, August 31; materials 80% complete; conversion 30% complete 6,000
Cost data:
Work in process inventory, August 1:
Materials cost $900
Conversion cost $5,900
Cost added during May:
Materials cost 1,000
Conversion cost $161,700
The company uses the weighted-average method.
Submit an Excel document which each tab labeled by item number in good form that demonstrates the following:
Compute the equivalent units of production.
Compute the costs per equivalent unit for the month.
Determine the cost of ending work in process inventory an
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