Question

Cooperative San José of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in small bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. (The Mexican currency is the peso and is denoted by .) The first stage in the production process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them in the proper proportions in large vats. The company uses the weighted-average method in its process costing system.
Required:
(a) The beginning inventory consisted of the following costs: materials, $67,800 ; and conversion cost, $30,200. The costs added during the month consisted of: materials, $579,000 ; and conversion cost, $248,000.

Answer 1

A hastily prepared report for the Mixing Department for April appears below:

Units to be accounted for:

Work in process, April 1 (materials 90% complete;

conversion 80% complete) 30,000

Started into production 200,000

Total units to be accounted for 230,000

Units accounted for as follows:

Transferred to next department 190,000

Work in process, April 30 (materials 75% complete;

conversion 60% complete) 40,000

Total units accounted for 230,000

Cost Reconciliation

Cost to be accounted for:

Work in process, April 1 $ 98,000

Cost added during the month 827,000

Total cost to be accounted for $ 925,000

Cost accounted for as follows:

Work in process, April 30 $ 119,400

Transferred to next department 805,600

Total cost accounted for $ 925,000

Management would like some additional information about Cooperative San José's operations .

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