Apollo Chemical Company produces procoline in its mixing process. There is no inventory in the mixing process
Question:
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:
Directsimvaterial seen cts (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
Step by Step Answer:
Accounting Information For Business Decisions
ISBN: 9780030224294
1st Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley