Question
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 64,400 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 246,000 gallons at a cost of $634,000 in August.
Required:
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 | ||
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. 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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