Question: Can I get an answer in excel ASAP ChipChips Inc. manufactures organic snack crackers. Their production process occurs in two phases: The mixing department and
Can I get an answer in excel ASAP ChipChips Inc. manufactures organic snack crackers. Their production process occurs in two phases: The mixing department and the baking department. The weighted average costing method of process costing is being used. The following information is available for the baking department:Required: A Based on the additional detailed cost record information shown above, calculate the correct amount of cost that should be assigned to the ending work in process and finished goods inventories Note: Please round your cost per EUP to two places after the decimal point! B Compare the current GL balances for WIP and FG inventories with the correct account balances that you calculated in part A above. Post the necessary adjusting entry to correct the GL
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