Question
#2 A. Green Earth Cleaners makes a household cleaner. The folowing data are available for the month of April: Physical Flow of Units: Beginning Inventory
#2 A. Green Earth Cleaners makes a household cleaner. The folowing data are available for the month of April:
Physical Flow of Units:
Beginning Inventory 1,000 units
Started in April 6,000 units
Ending Inventory 2,700 units 80% Completed
Cost Data:
Beginning Inventory $ 730.00
Costs incurred in April $2,500.00
Required: Prepare a production cost report
Fill in the missing item for each of the following inventory accounts
A B C
Beginning Balance $40,000 _________ $35,000
Ending Balance $32,000 $16,000 $27,000
Transfers-in _________ $8,000 $ 8,000
Transfers-out $ 61,000 $11,000 ________
Note: Show supporting calculations to the answer
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