You Got Yogurt, Inc. manufactures yogurt that goes through three processing stages prior to completion. Information on

Question

You Got Yogurt, Inc. manufactures yogurt that goes through three processing stages prior to completion. Information on work in the first department, flavor identification and blending, is given below for November: Data on Production: Pounds in process at November 1; materials 100% complete; conversion 70% complete: 3,525 Pounds started into production during November:75,000 Pounds completed and transferred out:? Pounds in process, November 30; materials 85% complete; conversion 40% complete: 6,100 Data on Costs: Work in process inventory, November 1: Materials cost: $1,800 Conversion cost: $3,700 Cost added during November: Materials cost: $121,000 Conversion cost: $147,700 The company uses the weighted-average method. Compute the equivalent units of production. Compute the costs per equivalent unit for the month. Determine the cost of ending work in process inventory and of the units transferred out to the next department. Make a cost reconciliation schedule for the month. Below the

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Work in Process, Beginning 3525 Add: Pounds started during November 75000 Less: Ending inventory 6100 Units completed and transferred out 72425 1 Materials Conversion Units completed and transferred out 72425 72425 Work in process, Ending: 6100 * 85% 5185 6100 * 40% 2440 Equivalent units of production 77610 74865 2 Materials Conversion Work in process, November 1 1800 3700 Cost added during November 121000 147700 Total costs 122800 151400 Divide by Equivalent units of production 77610 74865 Cost per Equivalent unit 1.58 2.02 3) Materials Conversion Total Work in Process, Ending Units 5185 2440 * Cost per Equivalent unit 1.58 2.02 Cost of Ending Work in Process Inventory 8,204.07 4,934.43 13,138.50 Materials Conversion Total Units completed and transferred out 72425 72425 * Cost per Equivalent unit 1.58 2.02 Cost of Units completed and transferred out 1,14,595.93 1,46,465.57 2,61,061.50 Cost of Ending Work in Process Inventory 13,138.50 Cost of Units Completed and Transferred Out 2,61,061.50 4) Cost Reconciliation: Cost to be accounted for: Cost of Beginning work in Process inventory 5500 Cost added during November 268700 Total Cost to be accounted for 274200 Cost accounted for as follows: Cost of Units completed and transferred out 2,61,061.50 Cost of ending work in process inventory 13,138.50 Total Cost accounted for 2,74,200.00

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You Got Yogurt, Inc

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Work in Process, Beginning	3525
Add: Pounds started during November	75000
Less: Ending inventory	6100
Units completed and transferred out	72425

1
	Materials	Conversion
Units completed and transferred out	72425	72425
Work in process, Ending:
6100 * 85%	5185
6100 * 40%		2440
Equivalent units of production	77610	74865

2
	Materials	Conversion
Work in process, November 1	1800	3700
Cost added during November	121000	147700
Total costs	122800	151400
Divide by Equivalent units of production	77610	74865
Cost per Equivalent unit	1.58	2.02

3)
	Materials	Conversion	Total
Work in Process, Ending Units	5185	2440
* Cost per Equivalent unit	1.58	2.02
Cost of Ending Work in Process Inventory	8,204.07	4,934.43	13,138.50

	Materials	Conversion	Total
Units completed and transferred out	72425	72425
* Cost per Equivalent unit	1.58	2.02
Cost of Units completed and transferred out	1,14,595.93	1,46,465.57	2,61,061.50

Cost of Ending Work in Process Inventory	13,138.50
Cost of Units Completed and Transferred Out	2,61,061.50

4)
Cost Reconciliation:
Cost to be accounted for:
Cost of Beginning work in Process inventory	5500
Cost added during November	268700
Total Cost to be accounted for	274200
Cost accounted for as follows:
Cost of Units completed and transferred out	2,61,061.50
Cost of ending work in process inventory	13,138.50
Total Cost accounted for	2,74,200.00