CoolFizz Beverages produces a single flavor of a popular local soft drink. It had no work-in-process inventory on August 31. During September, the company started 12,500 barrels, and by September 30, 1,800 barrels remained in work-in-process. How many barrels were completed in September? a) 10,700 b) 10,500 c) 12,000 d) 11,000

CoolFizz Beverages produces a single flavor of a popular local soft drink. It had no work-in-process inventory on August 31. During September, the company started 12,500 barrels, and by September 30, 1,800 barrels remained in work-in-process. How many barrels were completed in September? a) 10,700 b) 10,500 c) 12,000 d) 11,000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 4E: Norwood Co. had 200 units in work in process at the beginning of the month. During the month, 7,500...

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Torid Company processes 18,700 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $10 per gallon and Product Y, the main product, sells for $150 per gallon. The following information is for December: Beginning Ending Production Sales Inventory Inventory Product X: 5,975 5,800 0 175 Product Y: 10,575 10,655 100 20 The manufacturing costs totaled $30,000. The production method will report Product X in the balance sheet at ________.
Torid Company processes 18,800 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $9 per gallon and Product Y, the main product, sells for $170 per gallon. The following information is for December: Product X: Product Y: Production 6,175 10,475 Sales 6,000 10,485 Beginning Inventory 0 50 Ending Inventory 175 40 The manufacturing costs totaled $27,000. How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger at the point of sale?
How many barrel were completed in September general accounting
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