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can i please get help with this question it is due 3/5 Eire Products is a specialty lubricants company. The Lake Plant produces a single
can i please get help with this question it is due 3/5
Eire Products is a specialty lubricants company. The Lake Plant produces a single product in three departments: Filtering. Blending, and Packaging. Additional materlals are added in the Blending Process when units are 50 to 55 percent complete with respect to conversion. Information for operations in June in the Blending process appear as follows. Work in process on June 1 consisted of 9,800 barrels with the following costs. During June, 120,000 barrels were transferred in from Fittering at a cost of $209,880. The foliowing costs were added in Blending in June. Blending finished 119,000 barrels in June and transferred them to Packaging. At the end of June, there were 10,800 batrels in work in process inventory. The units were 60 percent complete with respect to conversion costs. The Blending Department uses the weighted-average method of process costing. The Filtering Department at Eire uses the FIFO method of process costing. The cost analyst in Blending has leamed that if the Filtering Department at Elre had used the weighted average method, the amount of costs transferred in from Filtering would have been $11,540 in the beginning work in process and $154,460 for the amount transferred in this month. EIRE PRODUCTS Blending Department Production Cost Report-Weighted-Average Step by Step Solution
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