Process Costing Opech, Inc., produces oil and ships it in a pipeline. On May 1, it had no work-in-process inventory. It started production of 200 million barrels of oil in May and shipped 180 million barrels in the pipeline. The costs of the resources used by Opech in May consist of the following: 11eb7cd0_6551_716b_ba5d_350c86e73cec_SM1700_00 Required The production supervisor estimates that the ending work in process is 70 percent complete on May 31. Compute the cost of oil shipped in the pipeline and the amount in work-in-process ending inventory as of May 31.

Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

النسخة 2الرقم المعياري الدولي: 978-0077274993

Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

النسخة 2الرقم المعياري الدولي: 978-0077274993

تمرين 28

Process Costing
Opech, Inc., produces oil and ships it in a pipeline. On May 1, it had no work-in-process inventory. It started production of 200 million barrels of oil in May and shipped 180 million barrels in the pipeline. The costs of the resources used by Opech in May consist of the following:

Required
The production supervisor estimates that the ending work in process is 70 percent complete on May 31. Compute the cost of oil shipped in the pipeline and the amount in work-in-process ending inventory as of May 31.

التوضيح

موثّق

Under process costing , discrete batches...