please help CoursHeroTranscribedText: The Mixing Department combines the direct materials of parafn wax and pigments....
70.2K
Verified Solution
Link Copied!
Question
Accounting
please help
CoursHeroTranscribedText: The Mixing Department combines the direct materials of parafn wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cooL the crayons are removed from the molds and are transferred to the Packaging Department. where paper wrappers are added and the crayons are boxed. In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred evenly throughout the process. WDH'C in process of the Mixing Department on March 1, 201a. consisted of 900 batches of crayons that were 50% of the way through the production process. The beginning balance in Work-in-F'rocess InventoryMixing was $21300, which consisted oi$11.200 in direct materials costs and $16,600 in conversion costs. During March, 5.000 batches were started in production. The Mixing Department transferred 4,300 batches to the Molding Department in March, and 1.100 were still in process on March 31. This ending inventory was 60% cf the way through the mixing process. Vultan Wax uses FIFO process costing
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
