A company uses a process costing system to collect costs related to the production of its cherry flavored cola. The cola is first processed in a Mixing Department and is then transferred out and finished up in the Bottling Department. The finished cases of cola are then transferred to Finished Goods Inventory. The following information relates to the company's two departments for the month of February:. Cases of cola in work in process, February 1 Cases of cola completed/transferred out during February Cases of cola in work in process, February 28 Mixing 10,000 65,000 4,000 Bottling 7,000 ? 5,000 How many cases of cola were completed and transferred to Finished Goods Inventory during January?

A company uses a process costing system to collect costs related to the production of its cherry flavored cola. The cola is first processed in a Mixing Department and is then transferred out and finished up in the Bottling Department. The finished cases of cola are then transferred to Finished Goods Inventory. The following information relates to the company's two departments for the month of February:. Cases of cola in work in process, February 1 Cases of cola completed/transferred out during February Cases of cola in work in process, February 28 Mixing 10,000 65,000 4,000 Bottling 7,000 ? 5,000 How many cases of cola were completed and transferred to Finished Goods Inventory during January?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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