Question
Zolo manufactures concrete using four processes. The materials used are introduced in Crushing. From Crushing, the materials go through Sifting, Baking, and then, Mixing, finally
Zolo manufactures concrete using four processes. The materials used are introduced in Crushing. From Crushing, the materials go through Sifting, Baking, and then, Mixing, finally coming out as concrete. The inventories cost using the FIFO method. On the first of May, the balances in the accounts Work in Process-Mixing and Finished Goods were as follows: Inventory in Process Mixing (2,000 units, 1/4 completed with regard to conversion! Einished Goods 11,800 units at $8.00 a uniti The following costs were charged to Work in Process-Mixing during May: Direct materias transferred from Baking: 15,200 units at $550 a unit Direct labor Factory overhead Total 1 5 13,700 14,400 During May. 10.000 units of concrete were completed and 15,800 units were sold Inv
entones on May NEwere as follows. Instructions 598 800 17:200 11 780 $127.780 Inventory in Process, Mixing: 1.200 units 1/2 completed with regard to conversion Firshed Good:2000 units Prepare a cost of production report for the Mixing Department. I 2 Determine the cost of goods sold (indicate number of units and unit coMES), 3. Determine the finished goods inventory, May 31
Zolo manufactures concrete using four processes. The materials used are introduced in Crushing. From Crushing. the materials go through Sifting, Baking, and then, Mixing, finally coming out as concrete. The inventories cost using the FIFO method. On the first of May, the balances in the accounts Work in Process-Mixing and Finished Goods were as follows: The following costs were charged to Work in Pmeces Mixing dering May: Einistugocos:20cou-its Instructions 3. Determine the tinished goods inventory. May 31Step by Step Solution
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