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Assume that this company uses FIFO method to compute unit costs. Prepare a production report for the Blending Department for June. Jenny's Beverages Ltd makes
Assume that this company uses FIFO method to compute unit costs. Prepare a production report for the Blending Department for June. Jenny's Beverages Ltd makes blended fruit drinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The following information pertains to the operations of the Blending Department for June. Percentage completed Units Materials Conversion Work in progress inventory, beginning 20,000 100% 75% Started into production 180,000 Completed and transferred out 160,000 Work in progress inventory, ending 40,000 100% 25% Cost in the beginning work in progress inventory and cost added during June were as follows for the Blending Department: Materials Conversion Work in progress inventory, beginning $25,200 $24,800 Cost added during June 334,800 238,700
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