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 50,500 gallons in beginning inventory (with transferred-in costs of $283,000) and completed 201,000 gallons during the month. Further, the mixing department completed and transferred out 209,000 gallons at a cost of $699,000 in August.

Required:

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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		fill in the blank f2891101afa300c_1
Units started during the period		fill in the blank f2891101afa300c_2
Total units to account for		fill in the blank f2891101afa300c_3
Units completed and transferred out:
Units started and completed	fill in the blank f2891101afa300c_4
Units completed from beginning work in process	fill in the blank f2891101afa300c_5	fill in the blank f2891101afa300c_6
Units in ending work in process		fill in the blank f2891101afa300c_7
Total units accounted for		fill in the blank f2891101afa300c_8

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Review the "How to Calculate the Physical Flow Schedule, Equivalent Units, and Unit Costs with Transferred-In Goods" example in your text.

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2. Calculate equivalent units for the transferred-in category. fill in the blank a2dd54029013030_1 equivalent units

3. Calculate the unit cost for the transferred-in category. If required, round your answer to the nearest cent. $fill in the blank a2dd54029013030_2per unit

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