Apollo Chemical Company produces procoline in its mixing process. There is no inventory in the mixing process

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Apollo Chemical Company produces procoline in its mixing process. There is no inventory in the mixing process at the beginning of February. Apollo adds direct materials at the beginning of processing. During February, it completed 1,400 bottles of procoline and transferred them from the mixing process to the finished goods inventory. At the end of February, 300 bottles (80% processed) remained in the mixing process. Apollo incurred the following costs in the mixing process during February:

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(2) Using T-accounts, record the transfer of the costs of completed bottles of procoline from the goods-in-process inventory to the finished goods inventory. TLK=2

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Accounting Information For Business Decisions

ISBN: 9780030224294

1st Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley

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