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

Accounting

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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 Work—in—process inventory, August 31 Conversion: 50% complete 29,000 units 30,000 units Units started 71,000 Units completed and transferred out ? Costs Work—in—process inventory, August 1 Material X $ 65,000 Material Y 88,200 Conversion 119,690 Costs added during August Material X 150,700 Material Y 170,800 Conversion 279,810 

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 80% 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.

3. Calculate the cost of units transferred out.

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