Assignment 17165

, manufactures syrup that goes through three processing stages prior to completion. Information on work in the first department, blending, is given below for August:
Production Data:
Pounds in process, August 1; materials 100% complete; conversion 70% complete
3,000
Pounds started into production during August
85,000
Pounds completed and transferred out
?
Pounds in process, August 31; materials 80% complete; conversion 30% complete
6,000
Cost Data:
Work in process inventory, August 1:Materials cost
$900
Conversion cost
$5,900
Cost added during May:Materials cost
$151,000
Conversion cost
$161,700
The company uses the weighted-average method. However, since FDA regulations are changing, management is considering converting to a job costing system of accounting so that costs may be traced by batch rather than process. Management is concerned about the advantages and disadvantages of doing so.
Instructions:
Compute the equivalent units of production.
Compute the costs per equivalent unit for the month.
Discuss with management the advantages and disadvantages of implementing a job costing system versus a process costing system.
Provide your answers in a clearly organized PowerPoint presentation of 4-5 slides. Check spelling and formatting for readability. Document your sources. Where applicable, written comments must be in accordance with the CSU-Global Guide to Writing and APA Requirements. Be sure to review the Module 3 Critical Thinking grading rubric, which may be accessed through the Course Information page.