Brian Canning Co., which sells canned corn, uses an operation costing system. Cans of corn are classified as either sweet or regular, depending on the type of corn used. Both types of corn go through the separating and cleaning operations, but only regular corn goes through the creaming operation. During January, two batches of corn were canned from start to finish. Batch X consisted of 1,650 pounds of sweet corn, and Batch Y consisted of 1,550 pounds of regular corn. The company had no beginning or ending Work-in- Process Inventory. The following cost information is for the month of January: Raw sweet corn Raw regular corn Separating department costs Cleaning department costs Creaming department costs "Includes $2,000 for cream. Batch Size Batch Cost $11,303 1,6501bs 6,045* 1,550lbs X Y 4,160 2,720 930

Brian Canning Co., which sells canned corn, uses an operation costing system. Cans of corn are classified as either sweet or regular, depending on the type of corn used. Both types of corn go through the separating and cleaning operations, but only regular corn goes through the creaming operation. During January, two batches of corn were canned from start to finish. Batch X consisted of 1,650 pounds of sweet corn, and Batch Y consisted of 1,550 pounds of regular corn. The company had no beginning or ending Work-in- Process Inventory. The following cost information is for the month of January: Raw sweet corn Raw regular corn Separating department costs Cleaning department costs Creaming department costs "Includes $2,000 for cream. Batch Size Batch Cost $11,303 1,6501bs 6,045* 1,550lbs X Y 4,160 2,720 930

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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