Bebida Inc. produces soft drinks. Mixing is the first department and its output is measured in gallons.
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Question:
Bebida Inc. produces soft drinks. Mixing is the first department and its output is measured in gallons. Bebida uses the FIFO method. All manufacturing costs are added uniformly. For August, the mixing department provided the following information:
Production: | ||
Units in process, August 1, 80% complete | 24,000 gallons | |
Units completed and transferred out | 135,000 gallons | |
Units in process, August 31, 75% complete | 16,000 gallons | |
Costs: | ||
Work in process, August 1 | $20,100 | |
Costs added during August | $301,000 |
Required:
Prepare a production report. Round all intermediate calculations and per unit amounts to the nearest cent. Round final answers to the nearest dollar or unit (except for per unit amounts should be rounded to the nearest cent).
"Total costs to account for" and "Total costs accounted for" may be different due to rounding.
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