Fri. Nov 25th, 2022
  

Religious Studies homework help. Hi I need help with this problem. It is asking to determine the formula, then compute the cost of work in process as of July 31, 2014 for each cost category. Fielding Chemicals has a mixing department and a refining department Its process – costing system in the mthe mixing department has two direct materials cost categories chemical P and chemical ! ) and one co. conversion costs pool The following data pertain to themixing department for July 2019( Click the icon to view the mixing department data . )RequirementsCompute the equivalent units in the mixing department for July 2014 for each cost categoryCompute ( a ) the cost of goods completed and transferred to thethe refining department during July and ( b the cost of work in process as of July 31 2014Requirement 2 Compute ( a the cost of goods completed and transferred to the refining department during July and ( 6 ) the cost of work in process as of July 31 2014Begin by computing the cost per equivalent unit for each cost categoryConversionData TableChemical ChemicalCosts added in current period5 291.090 569.000 5 225.000Divide by equivalent units of work done in current periodWork in process , JulyCost per equivalent unitUnits started( 2 ) Determine the formula , then compute the cost of goods completed and transferred to the refining department during July for each cost categoryCompleted and transferred to refining departmentCost of goods completed5 291020Cost per equivalent unUnits completed and transferred outand transferred outConversation costs225 000Conversion costs( 6 ) Determine the formulaa then compute the cost of work in process as of July 31 2014 for each cost category . Enter a O for any zero balances )Cost of work in process25 of July 31 2014Chemical QConversion costs

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