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Hello, I was only able to get this problem partially correct. If someone could explain how to correctly complete the portion I was unable to
Hello, I was only able to get this problem partially correct. If someone could explain how to correctly complete the portion I was unable to solve, that would be great.
Thanks,
Transferred-In Cost Powers Inc. produces a protein drink. The product is sold by the gallon. The company has two departments: Mixing and Bottling. For August, the bottling department had 56,100 gallons in beginning inventory (with transferred-in costs of $283,000) and completed 210,000 gallons during the month. Further, the mixing department completed and transferred out 203,000 gallons at a cost of $625,000 in August. Required: 1. Prepare a physical flow schedule for the bottling department. Powers Inc. Physical Flow Schedule - Bottling Department For the Month of August Physical flow schedule: Units in beginning work in process 56,100 Units started during the period 203,000 Total units to account for 259,100 Units completed and transferred out: Units started and completed 153,900 Units completed from beginning work in process 56,100 56,100 Units in ending work in process 203,000 X Total units accounted for 259,100 2. Calculate equivalent units for the transferred-in category. equivalent units 3. Calculate the unit cost for the transferred-in category. If required, round your answer to the nearest cent. $ 908,000 x per unitStep by Step Solution
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