Question: i need the answer for (b) with the res lines one. thanks On January 1, Waterway Company had 1,100 gallons of juice that were already



On January 1, Waterway Company had 1,100 gallons of juice that were already 30% complete for conversion costs at that time. Conversion costs are added evenly throughout production, while two DM resources are added at different stages: flavoring, added at the beginning of the process, and packaging, added when units have received 95% of conversion costs. Throughout the year, Waterway started another 60,200 gallons of juice. By year-end, 59,700 gallons had been completed, leaving 1,600 gallons still in WIP Inventory. These ending units were 80% complete for conversion costs so had not yet been packaged. (a) Assuming that Waterway uses the FIFO method of process costing. use Step 1 of the template to determine its physical flow of units and identify degree of completion. Now, use Step 2 of the template to determine equivalent units of production this year. Your answer is partisily correct. Now, use Step 2 of the template to determine equivalent units of production this year. Your answer is partially correct. Now, use Step 2 of the template to determine equivalent units of production this year
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