Use the information below to answer the following questions:
Hannish Orchards, a juice manufacturer, uses a process that adds flavouring at the beginning of the process and vitamins and minerals 70% of the way through the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. The company started making 10,000 gallons of the drink, and the 2,000 gallons left in ending WIP were 40% of the way through the process.
Costs incurred during the period were:

-The cost assigned to ending work in process at Hannish Orchards would be closest to

Question

Use the information below to answer the following questions:
Hannish Orchards, a juice manufacturer, uses a process that adds flavouring at the beginning of the process and vitamins and minerals 70% of the way through the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. The company started making 10,000 gallons of the drink, and the 2,000 gallons left in ending WIP were 40% of the way through the process.
Costs incurred during the period were:
 
-The cost assigned to ending work in process at Hannish Orchards would be closest to

Quizplus · Accepted Answer

The cost assigned to ending work in process is calculated based on the costs incurred for the incomplete units. The closest value provided is $2,336.

Use the Information Below to Answer the Following Questions