Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The...

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Accounting

Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August:

Work-in-process inventory, August 1
Conversion: 90% complete 27,000 units
Work-in-process inventory, August 31
Conversion: 50% complete 27,000 units
Units started 73,000
Units completed and transferred out ?
Costs
Work-in-process inventory, August 1
Material X $ 69,000
Material Y 88,400
Conversion 119,620
Costs added during August
Material X 157,400
Material Y 130,600
Conversion 338,830

Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 60% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method.

Required:

1. & 2. Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department.

(Round "Cost per Equivalent Unit" answers to 2 decimal places.)

Material X Material Y Conversion
Equivalent Units
Cost per Equivalent Unit

3. Calculate the cost of units transferred out.

Cost of Units Transferred Out

4. Calculate the cost of the ending Work-in-Process Inventory.

Cost of Ending Work-in-Process

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