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Swiss Velvet Chocolate Company processes chocolate...

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Swiss Velvet Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, milk, and sugar) into the Blending Department. All materials are placed into production at the beginning of the blending process. After blending, the milk chocolate is then transferred to the Molding Department, where the milk chocolate is formed into candy bars. The following is a partial work in process account of the Blending Department at August 31, 2012 (attached) Prepare a cost of production report, and identify the missing amounts for Work in Process?Blending Department. If an amount is zero enter "0". If required, round your cost per equivalent unit answers to the nearest cent,Hi Michael, I only have partial answer for it.. Swiss Velvet Chocolate Company Cost of Production Report-Blending Department For the Month Ended August 31, 2012 Unit Information Units charged to production: Inventory in process, August 1 Received from materials storeroom Total units accounted for by the Blending Department Units to be assigned cost: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, August 1 Started and completed in August Transferred to Molding Department in August- Inventory in process, August 31 Total units to be assigned cost Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for August in Blending Department $ $ Total equivalent units Cost per equivalent unit $ $ Costs charged to production: Direct Materials Conversion Total Inventory in process, August 1 $ Costs incurred in August Total costs accounted for by the Blending Department $ Cost allocated to completed and partially completed units: Inventory in process, August 1 balance $ To complete inventory in process, August 1 $ Cost of completed August 1 work in process $ Started and completed in August $ Transferred to Molding Department in August $ Inventory in process, August 31 Total costs assigned by the Blending Department,I'm a bit confused with the figures you gave me verses what needed to be on the attached sheet,thanks, Michael!! I'm sorry I didn't send you this chart sooner.,thanks, Michael. but do you happen have the formulas for it, by any chance? I can only see the numbers but nothing with it.,actually, I can only see two numbers. Can't see anything else besides that. Is there anyway this can be sent via excel like usual? If not, I have typed what is on that sheet, for each section. Below is the type out I also have to know the "Equivalent Units" , under Whole Units/Direct Materials/Conversion for the section of UNITS TO BE ASSIGNED COST: Inventory in process August 1 ,Started and completed in August ,Transferred to Molding Department in August- ,Inventory in process, August 31 , Total units to be assigned cost Direct Materials/Conversion for Costs "per equivalent unit": Total costs for August in Blending Department, Total equivalent units ,Cost per equivalent unit Under "Costs charged to production:" need the Direct Materials/Conversion/Total for : Inventory for August 1, Cost incurred in August, Total costs accounted for by the Blending Department Cost allocated to completed and partially completed units: Inventory in process, August 1 balance ,To complete inventory in processAugust 1 ,Cost of completed August 1 work in process ,Started and completed in August ,Transferred to Molding Department in August ,Inventory in process, August 31 ,Total costs assigned by the Blending Department,but this didnt answer what I needed. It is the same exact sheet you gave me before clarifying anything. this didnt help. The numbers aren't clear as to which category to put which numbers in. That is, if I can see the number. The above, I have listed the items and as to which category the number needs to be under, either Direct materials/conversion /total. I have THREE of the same sheet that doesn't help at all,here is an example sheet as to what I was trying to ask.,here is an example sheet as to what I was trying to ask.,Hey Michael, No worries! I was able to figure it out but thanks. however I do need the Assuming that the August 1 work in process inventory includes direct materials of $6,460, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between July and August. If required, round your answers to two decimal places Change in direct materials cost per equivalent unit & Change in conversion cost per equivalent unit amounts again because it was incorrect

 

Paper#2172 | Written in 18-Jul-2015

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