Blossom Desserts specializes in the production of sweet plant-based bakery items. The company's top seller for the past few year been its cherry cheesecake made with a flourless crust and organic fruit toppings. Blossom is currently considered a boutique operation, but is looking to increase production and to expand its offerings and customer base. In an effort to refine its spending efforts and advertising costs, the company will be compiling costing data on its cherry cheesecake. The following costing informat applies to the current year: Beginning Work-in-Progress (WIP) Inventory Costs Added During the Period Beginning Inventory Units Started this Year Ending Inventory The following production summary has also been compiled for this year's operations: Physical Units 800 O $161777.00 O $161857.00 $155049.00 64300 Crust $2100 $59799 1000 Cherry Toppings $1500 $26985 Crust Cherry Toppings 100% 100% 100% 95% Conversion Costs (CC) $2600 $71203 Conversion Costs 35% 91% If management decides to use the First-In, First-Out (FIFO) method, then how much cost will be assigned to the units completed a transferred out of the manufacturing process? (Do not round intermediate calculations.)

Blossom Desserts specializes in the production of sweet plant-based bakery items. The company's top seller for the past few year been its cherry cheesecake made with a flourless crust and organic fruit toppings. Blossom is currently considered a boutique operation, but is looking to increase production and to expand its offerings and customer base. In an effort to refine its spending efforts and advertising costs, the company will be compiling costing data on its cherry cheesecake. The following costing informat applies to the current year: Beginning Work-in-Progress (WIP) Inventory Costs Added During the Period Beginning Inventory Units Started this Year Ending Inventory The following production summary has also been compiled for this year's operations: Physical Units 800 O $161777.00 O $161857.00 $155049.00 64300 Crust $2100 $59799 1000 Cherry Toppings $1500 $26985 Crust Cherry Toppings 100% 100% 100% 95% Conversion Costs (CC) $2600 $71203 Conversion Costs 35% 91% If management decides to use the First-In, First-Out (FIFO) method, then how much cost will be assigned to the units completed a transferred out of the manufacturing process? (Do not round intermediate calculations.)

Name: D1.Account Blossom Desserts specializes in the production of sweet pla
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Description: D1.Account Blossom Desserts specializes in the production of sweet plant-based bakery items. The company's top seller for the past few yearsbeen its cherry cheesecake made with a flourless crust and organic fruit toppings. Blossom is currently consid

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 2CMA: The Chocolate Baker specializes in chocolate baked goods. The firm has long assessed the...

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