Question: Refer to the information for Inca Inc above Inca Inc produces

Refer to the information for Inca Inc. above.
Inca Inc. produces soft drinks. Mixing is the first department and its output is measured in gallons. Inca uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information:

1. Calculate the equivalent units for August.
2. Calculate the unit cost. (Note: Round to two decimal places).
3. Assign costs to units transferred out and EWIP using the FIFO method.

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  • CreatedSeptember 22, 2015
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