Cakemix Ltd produces cakes. Production is carried out in three processes — mixing, baking and packaging. The work in process accounts for the three processes for the month of April are set out below:
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Work in Process – Mixing |
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April 30 |
Materials Labour Factory Overhead |
62000 18000 29600 |
April 30 |
WIP – Baking |
105000 |
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Work in Process – Baking |
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April 1 30 |
Balance Labour Factory Overhead WIP – Mixing |
4800 4000 15800 105000 |
April 30 |
WIP – Packaging |
129600 |
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Work in Process – Packaging |
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April 1 30 |
Balance Materials Labour Factory Overhead WIP – Baking |
3136* 28800 14956 21060 129600 |
April 30 |
Finished Goods |
? |
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* Conversion costs included — $320 |
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Cost and production data for the final two processes are set out below:
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Baking |
Packaging |
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Inventory, 1 April Inventory, 30 April Units transferred out |
4000 units (40% complete) nil 180000 |
3200 units (50% complete) 3800 units (60% complete) 179400 |
Required
A. Calculate the unit materials cost, unit conversion cost, and total manufacturing cost per equivalent unit for the packaging process.
B. Calculate the costs assigned to units transferred out and units in ending work in process for April for baking and packaging.
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