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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Problem D A bottling company bottles soft drinks using a process cost system. Following are cost and production data for the mixing department for June:
Units Materials costs
Conversion costs
Inventory, June 1 56,000 $11,620 $16,240
Placed in production in June 133,000 29,960 41,720
Inventory, June 30 63,000 ? ?
The June 30 inventory was 100 per cent complete as to materials and 30 per cent complete as to conversion.
Prepare a production cost report for the month ended June 30 using the average cost method.
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