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The Hogwart's Brewery makes Butterbeer. Information about the process is as follows: Each Keg (24 gallons) consists of 1 pound of butter and 2 pound
The Hogwart's Brewery makes Butterbeer. Information about the process is as follows: Each Keg (24 gallons) consists of 1 pound of butter and 2 pound of barley hops butter and hops are added at the beginning The Company was founded January 1st 2024 REQUIRED: In 2024, Hogwart's Brewery purchased 40000 lbs of butter and 90000 lbs of barley hops Butter costs $1 per pound and hops cost $0.50 per pound In January, Hogwarts placed 30000 lbs of butter and 60000 lbs of barley hops into production On January 31st, Hogwarts had produced 20000 kegs of Butterbeer the remaining brew was 3/4 complete. In January Hogwarts incurred $80000 in conversion costs In February, Hogwarts purchased 40000 lbs of butter and 90000 lbs of barley hops Butter costs $1 per pound and hops cost $0.50 per pound In February, Hogwarts placed 30000 lbs of butter and 60000 lbs of barley hops into production During February Hogwarts spent $80000 on other factory costs During February, Hogwarts had produced 22000 kegs of Butterbeer the remaining brew was 1/2 complete A) USING WEIGHTED AVERAGE METHOD DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR JANUARY B) USING WEIGHTED AVERAGE METHOD DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR FEBRUARY C) USING FIFO PROCESS COSTING DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR FEBRUARY
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