Juice Extracts Company produces a line of fruit extracts for home use in making wine, jams and jellies, pies, and meat sauces. Fruits enter the production process in pounds, and the product emerges in quarts (1 pound of input equals 1 quart of output). On May 31, 4,250 units were in process. All direct materials had been added, and the units were 70 percent complete forconversion costs. Direct materials costs of $4,607 and conversion costs of $3,535 were attached to the units in beginning work in process inventory. During June, 61,300 pounds of fruit were added at a cost of $71,108. Direct labor for the month totaled $19,760, and overhead costs applied were $31,375. On June 30, 3,400 units remained in process. All direct materials for these units had been added, and 50 percent of conversion costs had been incurred.

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1. Using the FIFO costing method, prepare aprocess cost reportfor June. If an amount box does not require an entry, enter "0". For per unit amounts, round to the nearest cent. For the percentages, do not enter the percent sign. For example, 60% would be entered as 60.

Juice Extracts Company

Process Cost ReportFIFO Costing Method

For the Month Ended June 30

Physical Units:

Beginning inventory
Units started this period
Units to be accounted for
Beginning inventory
Units started and completed
Ending inventory
Units accounted for

Equivalent Units:

Direct Materials	Percentage	Conversion Costs	Percentage
Beginning inventory		%		%
Units started and completed		%		%
Ending inventory		%		%
Units accounted for

Cost Information

Costs to account for:

Total Costs =	Direct Materials +	Conversion Costs
Beginning inventory	$	$	$
Current costs
Total costs	$
Cost per equivalent unit	$	$	$

Cost of goods manufactured and transferred out:
From beginning inventory	$
Current costs to complete
Units started and completed this period
Cost of goods manufactured	$
Ending inventory
Total costs	$

2. From the information in the process cost report, identify the amount that should be transferred out of the Work in Process Inventory account. $

Select where those dollars should be transferred. SelectBeginning inventoryEnding inventoryFinished goods inventoryCorrect 2 of Item 2