Use the Fresh Seasons information from Problem E6-51, except assume that the company uses a FIFO process costing system.

a. How many gallons of dressing ingredients were started in April?

b. What is the total cost of the completed beginning inventory?

c. What is the total cost of goods completed during April?

d. What is the average cost per gallon of all goods completed during April? (Round to the nearest cent.)

e. What is the cost of April's ending WIP Inventory?

Data From Problem E6-51:-

Fresh Seasons is a contract manufacturer for Delectable Dressing Company. Fresh Seasons uses a weighted average process costing system to account for its salad dressing production. All ingredients are added at the start of the process. Delectable provides reusable vats to Fresh Seasons for the completed product to be shipped to Delectable for bottling, so Fresh Seasons incurs no packaging costs. Production and cost information for Fresh Seasons during April follow.

April beginning and ending WIP inventories had the following percentages of completion for labor and overhead:

Transcribed Image Text:

Gallons of dressing in beginning WIP Inventory.. Gallons completed during April..... Gallons of dressing in ending WIP Inventory. Costs of beginning WIP Inventory Direct material Direct labor.. Overhead... Costs incurred in April Direct material.... Direct labor.. Overhead. 36,000 242.000 23,500 $ 183,510 98,526 78,273 $1,136,025 451,450 723,195