Question
Transferred-In Cost Energetics Inc. produces a protein drink and uses the weighted-average method. The product is sold by the liter. The company has two departments:
Transferred-In Cost Energetics Inc. produces a protein drink and uses the weighted-average method.
The product is sold by the liter. The company has two departments: Mixing and Bottling.
For July, the bottling department had 56,400 liters in beginning inventory (with transferred-in costs of $213,000) and completed 208,000 liters during the month.
Further, the mixing department completed and transferred out 297,000 liters at a cost of $658,000 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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