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Energetics Inc. produces a protein drink and uses the weighted average method. The product is sold by the litre. The company has two departments: Mixing
Energetics Inc. produces a protein drink and uses the weighted average method. The product is sold by the litre. The company has two departments: Mixing and Bottling. For July, the bottling department had 68,700 litres in beginning inventory (with transferred-in costs of $213,000) and completed 202,000 litres during the month. Further, the mixing department completed and transferred out 227,000 litres at a cost of $656,000 in July. Required: 1. Prepare a physical flow schedule for the bottling department. Energetics Inc. Physical Flow Schedule For the Month of July Physical flow schedule: Units in beginning work in process Units started during the period Total units to account for Units completed and transferred out: Units started and completed Units completed from beginning work in process Units in ending work in process Total units accounted for 2. Calculate equivalent units for the transferred-in category. If required, round your answer to the nearest unit. equivalent units 3. Calculate the unit cost for the transferred-in category. If required, round your answer to the nearest cent. $ per unit
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