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Barksdale Corporation produces hair care products. ShineOnOne is a one-step shampoo and conditioner that is produced in a three-step process. The three phases of production
Barksdale Corporation produces hair care products. ShineOnOne is a one-step shampoo and conditioner that is produced in a three-step process. The three phases of production consist of mixing, blending, and bottling. Below is a partial schedule of June's costs for each phase of production. Complete the schedule
Beginning Balance | June Costs | Cost Transfer | Ending Balance | |
Mixing | $ 288,100 | $ 1,444,424 | (1,019,087 | ? |
Blending | 316,700 | ? | (-3378909) | ? |
Bottling | 454,900 | 954,000 | ? | ? |
? | $ 4,709,991 | $ (4,155,676) | ? |
(a) Which department experienced a decrease in work in process during June?
(b) How much was transferred to finished goods inventory?
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