Opech, Inc., produces oil and ships it in a pipeline. On May 1, it had no work-in-process
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Opech, Inc., produces oil and ships it in a pipeline. On May 1, it had no work-in-process inventory.
It started production of 200 million barrels of oil in May and shipped 180 million barrels in the pipeline. The costs of the resources used by Opech in May consist of the following:
Required The production supervisor estimates that the ending work in process is 70 percent complete on May 31. Compute the cost of oil shipped in the pipeline and the amount in work-in-process ending inventory as of May 31.
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Related Book For 
Fundamentals Of Cost Accounting
ISBN: 0071332618
2nd Edition
Authors: William Lanen, Shannon Anderson
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