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MANAGEMENT ACCOUNTING (MBA002)


Assignment 4


Exercise 1:  

Process

costing


Selzik Company makes super

-

premium cake mixes that go through two processing departments,

Blending and Packaging. The following activity was

recorded

in the Blending Department duri

ng July:


Production data:

Total

Units in process, July 1

(materials 100% complete; conversion 30% complete)

10,000


Units started into Production

170,000

Units complete and transferred to Packaging

?

Units  in process, July 31

(materials 100% co

mplete; conversion 40% complete)

20,000

Cost data:

Work in process inventory, July 1:

Materials cost

$ 8,500

Conversion cost

4,900

$13,400

Cost added during the month:

Materials cost

$139,400

Conversion cost

2

44,200

383,600

Total Cost

$397,000



Prepare a quantity schedule and compute the equivalents  units?

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