Maple, Inc. manufactures syrup that goes through three processing stages prior to completion. Information on work in the first department, Blending, is given below for August:
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Pounds in process, August 1; materials 100% complete; conversion 70% complete |
3,000 |
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Pounds started into production during August |
85,000 |
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Pounds completed and transferred out |
? |
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Pounds in process, August 31; materials 80% complete; conversion 30% complete |
6,000 |
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Cost data: |
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Work in process inventory, August 1: |
$900 |
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Conversion cost |
$5,900 |
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Cost added during May: |
$151,000 |
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Conversion cost |
$161,700 |
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The company uses the weighted average method.
Submit an Excel document, which each tab labeled by item number in good form that demonstrates the following:
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