1. Tulip Lotion Company consists of two departments, Blending & Filling. The Filling departmentreceived 46,000 ounces from the Blending Department. During the period, the Filling Departmentcompleted 46,500 ounces, including 2,300 ounces of work in process at the beginning of the period.a) How many ounces (whole units) were in the Beginning WIP – Filling?b) How many ounces were started and completed during the period?c) How many ounces were left in Ending WIP – Filling?

In this question, we have to calculate the Beginning WIP started and completed WIP and Ending WIP.

Answered: a) How many ounces (who b) How many…

Business

Accounting

a) How many ounces (who b) How many ounces were

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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Question

1. Tulip Lotion Company consists of two departments, Blending & Filling. The Filling department
received 46,000 ounces from the Blending Department. During the period, the Filling Department
completed 46,500 ounces, including 2,300 ounces of work in process at the beginning of the period.
a) How many ounces (whole units) were in the Beginning WIP – Filling?
b) How many ounces were started and completed during the period?
c) How many ounces were left in Ending WIP – Filling?

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