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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 8
Transferred-In Cost
Fuerza Inc. produces a protein drink. The product is sold by the gallon. The company has two departments: Mixing and Bottling. For August, the bottling department had 60,000 gallons in beginning inventory (with transferred-in costs of $213,000) and completed 262,500 gallons during the month. Further, the mixing department completed and transferred out 240,000 gallons at a cost of $687,000 in August.
Required:
1. Prepare a physical flow schedule for the bottling department.
2. Calculate equivalent units for the transferred-in category.
3. Calculate the unit cost for the transferred-in category.
Fuerza Inc. produces a protein drink. The product is sold by the gallon. The company has two departments: Mixing and Bottling. For August, the bottling department had 60,000 gallons in beginning inventory (with transferred-in costs of $213,000) and completed 262,500 gallons during the month. Further, the mixing department completed and transferred out 240,000 gallons at a cost of $687,000 in August.
Required:
1. Prepare a physical flow schedule for the bottling department.
2. Calculate equivalent units for the transferred-in category.
3. Calculate the unit cost for the transferred-in category.
Explanation
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1.
Physical flow schedule for the bottl...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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