Transferred-In Cost

Powers Inc. produces a protein drink. The product is sold by the gallon. The company has two departments: Mixing and Bottling. For August, the bottling department had 57,900 gallons in beginning inventory (with transferred-in costs of $283,000) and completed 211,000 gallons during the month. Further, the mixing department completed and transferred out 212,000 gallons at a cost of $674,000 in August.

Required:

1.Prepare a physical flow schedule for the bottling department.

Powers Inc.

Physical Flow Schedule - Bottling Department

For the Month of August

Physical flow schedule:

Units in beginning work in process

Units started during the period

Total units to account for

Units completed and transferred out:

Units started and completed

Units completed from beginning work in process

Units in ending work in process

Total units accounted for

Feedback

Review the "How to Calculate the Physical Flow Schedule, Equivalent Units, and Unit Costs with Transferred-In Goods" example in your text.

2.Calculate equivalent units for the transferred-in category.

equivalent units

3.Calculate the unit cost for the transferred-in category. If required, round your answer to the nearest cent.

$per unit