Use the Fresh Seasons information from Problem 49, except assume that the company uses a FIFO process
Question:
Use the Fresh Seasons information from Problem 49, except assume that the company uses a FIFO process costing system.
a. How many gallons of dressing ingredients were started in April?
b. What is the total cost of the completed beginning inventory?
c. What is the total cost of goods completed during April?
d. What is the average cost per gallon of all goods completed during April?
e. What is the cost of April’s ending WIP Inventory?
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a Gallons transferred out 242000 Gallons in ending WIP 23500 Total gallons to account for 265500 Gal...View the full answer
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Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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