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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,
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 58,800 gallons in beginning inventory (with transferred-in costs of $283,000) and completed 204,000 gallons during the month. Further, the mixing department completed and transferred out 210,000 gallons at a cost of $630,000 in August. Required: Prepare a physical flow schedule for he bottling department. Powers Inc Physical Flow Schedule- Bottling Department For the Month August 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 process Units in ending work in process Total units acrounted for Calculate equivalent units for the transferred-in category. equivalent units Calculate the unit cost for the transferred-in category. If required, round your answer to the nearest cent. per unit
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