Coca Cola manufacturers a standard juice. During February, the firm's Assembly Department started production of 75,000 boxes. During the month, the firm completed 85,000 boxes. And transferred them to the Finishing Department. The firm ended the month with 5,000 boxes in ending inventory 40% complete. All direct materials costs are added at the beginning of the production cycle. Conversion costs are incurred uniformly over the production cycle. Weighted-average costing is used by Coca Cola. the equivalent :units for conversion for February is .a boxes 85,000 .b boxes 89,000 .c boxes 87,000 .d boxes 95,000

Coca Cola manufacturers a standard juice. During February, the firm's Assembly Department started production of 75,000 boxes. During the month, the firm completed 85,000 boxes. And transferred them to the Finishing Department. The firm ended the month with 5,000 boxes in ending inventory 40% complete. All direct materials costs are added at the beginning of the production cycle. Conversion costs are incurred uniformly over the production cycle. Weighted-average costing is used by Coca Cola. the equivalent :units for conversion for February is .a boxes 85,000 .b boxes 89,000 .c boxes 87,000 .d boxes 95,000

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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Coca Cola manufacturers a standard juice. During February, the firm's Assembly Department started production of 75,000 boxes. During the month, the firm completed 85,000 boxes. and transferred them to the Finishing Department. The firm ended the month with 5,000 boxes. in ending inventory. All direct materials costs are added at the beginning of the production cycle. Conversion costs are incurred uniformly over the production cycle. Weighted-average costing is used by Coca Cola. WIP beginning inventory is: a. 25,000 boxes b. 15,000 boxes c. 20,000 boxes d. 10,000 boxes
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