• AMA Computer University

• MBA 2

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 during July:

Production data: Total

Units in process, July 1 (materials 100% complete; conversion 30% complete)

Units started into Production Units complete and transferred to Packaging

Units in process, July 31 (materials 100% complete; conversion 40% complete)

Cost data: Work in process inventory, July 1: Materials cost Conversion cost

Cost added during the month: Materials cost

Conversion cost Total Cost

$ 8,500 4,900

$139,400 244,200

10,000

170,000 ?

20,000 $13,400

383,600 $397,000

All materials are added at the beginning of work in the Blending Department. Required: Prepare a production report in weighted average method and FIFO method for the Blend 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 during July:

Production data: Total

Units in process, July 1 (materials 100% complete; conversion 30% complete)

Units started into Production Units complete and transferred to Packaging

Units in process, July 31 (materials 100% complete; conversion 40% complete)

Cost data: Work in process inventory, July 1: Materials cost Conversion cost

Cost added during the month: Materials cost

Conversion cost Total Cost

$ 8,500 4,900

$139,400 244,200

10,000

170,000 ?

20,000 $13,400

383,600 $397,000

All materials are added at the beginning of work in the Blending Department. Required: Prepare a production report in weighted average method and FIFO method for the Blend