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Category > Accounting Posted 26 May 2017 My Price 7.00

A bottling company bottles soft drinks using a process cost system

 

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.

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 26 May 2017 08:05 AM My Price 7.00

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Attachments

file 1495787833-Answer.docx preview (179 words )
P-----------rob-----------lem----------- D----------- A----------- bo-----------ttl-----------ing----------- co-----------mpa-----------ny -----------bot-----------tle-----------s s-----------oft----------- dr-----------ink-----------s u-----------sin-----------g a----------- pr-----------oce-----------ss -----------cos-----------t s-----------yst-----------em.----------- Fo-----------llo-----------win-----------g a-----------re -----------cos-----------t a-----------nd -----------pro-----------duc-----------tio-----------n d-----------ata----------- fo-----------r t-----------he -----------mix-----------ing----------- de-----------par-----------tme-----------nt -----------for----------- Ju-----------ne:----------- U-----------nit-----------s M-----------ate-----------ria-----------lsÂ----------- co-----------sts----------- C-----------onv-----------ers-----------ion----------- co-----------sts----------- I-----------nve-----------nto-----------ry,----------- Ju-----------ne -----------1 5-----------6,0-----------00 -----------$11-----------,62-----------0 $-----------16,-----------240----------- P-----------lac-----------ed -----------in -----------pro-----------duc-----------tio-----------n i-----------n J-----------une----------- 13-----------3,0-----------00 -----------29,-----------960----------- 41-----------,72-----------0 -----------Inv-----------ent-----------ory-----------, J-----------une----------- 30----------- 63-----------,00-----------0 ?----------- ? ----------- Th-----------e J-----------une----------- 30----------- in-----------ven-----------tor-----------y w-----------as -----------100----------- pe-----------r c-----------ent----------- co-----------mpl-----------ete----------- as----------- to----------- ma-----------ter-----------ial-----------s a-----------nd -----------30 -----------per----------- ce-----------nt -----------com-----------ple-----------te -----------as -----------to -----------con-----------ver-----------sio-----------n. -----------
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