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 57,100 gallons in beginning inventory (with transferred-in costs of $283,000) and completed 208,000 gallons during the month. Further, the mixing department completed and transferred out 287,000 gallons at a cost of $624,000 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		fill in the blank e4d954020fc7074_1
Units started during the period		fill in the blank e4d954020fc7074_2
Total units to account for		fill in the blank e4d954020fc7074_3
Units completed and transferred out:
Units started and completed	fill in the blank e4d954020fc7074_4
Units completed from beginning work in process	fill in the blank e4d954020fc7074_5	fill in the blank e4d954020fc7074_6
Units in ending work in process		fill in the blank e4d954020fc7074_7
Total units accounted for		fill in the blank e4d954020fc7074_8

2. Calculate equivalent units for the transferred-in category. fill in the blank e2bfc3facfa2015_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 e2bfc3facfa2015_2per unit