Bremen Fitness Products produces a sports drink. On October 1, it had no work-in-process inventory. It started production of 13,800 cases of the drink in October and shipped 10,200 cases to retailers. (Bremen holds no finished goods inventory.) The costs of the resources used by Bremen in October consist of the following. Materials Conversion costs (labor and overhead) $ 87,523 247,427 Required: The production supervisor estimates that the ending work in process is 55 percent complete on October 31. Compute the cost of cases shipped and the amount in work-in-process ending inventory as of October 31. Note: Do not round intermediate calculations. Cost of cases shipped

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Bremen Fitness Products produces a sports drink. On October 1, it had no work-in-process inventory. It started production of
13,800 cases of the drink in October and shipped 10,200 cases to retailers. (Bremen holds no finished goods inventory.) The
costs of the resources used by Bremen in October consist of the following.
Materials
Conversion costs (labor and overhead)
$ 87,523
247,427
Required:
The production supervisor estimates that the ending work in process is 55 percent complete on October 31. Compute the cost
of cases shipped and the amount in work-in-process ending inventory as of October 31.
Note: Do not round intermediate calculations.
Cost of cases shipped
Work-in-process ending inventory
Transcribed Image Text:Bremen Fitness Products produces a sports drink. On October 1, it had no work-in-process inventory. It started production of 13,800 cases of the drink in October and shipped 10,200 cases to retailers. (Bremen holds no finished goods inventory.) The costs of the resources used by Bremen in October consist of the following. Materials Conversion costs (labor and overhead) $ 87,523 247,427 Required: The production supervisor estimates that the ending work in process is 55 percent complete on October 31. Compute the cost of cases shipped and the amount in work-in-process ending inventory as of October 31. Note: Do not round intermediate calculations. Cost of cases shipped Work-in-process ending inventory
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