Fielding Chemicals has a mixing department and a refining department Its process – costing system in the m the mixing department has two direct

Fielding Chemicals has a mixing department and a refining department Its process – costing system in the m
the mixing department has two direct materials cost categories chemical P and chemical ! ) and one co
. conversion costs pool The following data pertain to the
mixing department for July 2019
( Click the icon to view the mixing department data . )
Requirements
Compute the equivalent units in the mixing department for July 2014 for each cost category
Compute ( a ) the cost of goods completed and transferred to the
the refining department during July and ( b the cost of work in process as of July 31 2014
Requirement 2 Compute ( a the cost of goods completed and transferred to the refining department during July and ( 6 ) the cost of work in process as of July 31 2014
Begin by computing the cost per equivalent unit for each cost category
Conversion
Data Table
Chemical Chemical
Costs added in current period
5 291.090 5
69.000 5 225.000
Divide by equivalent units of work done in current period
Work in process , July
Cost per equivalent unit
Units started
( 2 ) Determine the formula , then compute the cost of goods completed and transferred to the refining department during July for each cost category
Completed and transferred to refining department
Cost of goods completed
5 291020
Cost per equivalent un
Units completed and transferred out
and transferred out
Conversation costs
225 000
Conversion costs
( 6 ) Determine the formula
a then compute the cost of work in process as of July 31 2014 for each cost category . Enter a O for any zero balances )
Cost of work in process
25 of July 31 2014
Chemical Q
Conversion costs

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