Question
Please help with this online practice problem for my management accounting class. On the right hand side of the pciture, there are five boxes with
Please help with this online practice problem for my management accounting class. On the right hand side of the pciture, there are five boxes with drop down options and a smaller box beside each where you will enter the amount. The options for the first four drop down boxes are: Ingredient A total costs, Ingredient B total costs, Total Conversion costs, or Waste product total costs. The options for the fifth drop down box are: Number of gallons of Ingredient A, Number of gallons of Ingredient B, Number of gallons of vegetable juice, or Number of gallons lost.
Pure Goodness Company produces and sells canned vegetable juice. The ingredients are first combined (Only complete the necessary answer boxes. Round the cost per gallon to the nearest cen in the blending department and then packed in gallon cans in the canning department. The following information pertains to the blending department for January: Item Price per Gallon Gallons 0.41 9,000 Ingredient A Ingredient B 0.65 18,000 Total costs Vegetable juice 24,000 3,000 Materials loss Cost per gallon of blended vegetable juice Conversion costs for the blending department are $0.63 pergallon for January. Requirement Determine the cost per gallon of blended vegetable juice before canningStep by Step Solution
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