Provide correct option please Falcon Beverage Company uses a process costing system for its mango-flavored soft drink.The drink is first processed in a Blending Department and then transferred to a PackagingDepartment. The finished cases are then moved to Finished Goods Inventory. The followinginformation relates to Falcon's two departments for the month of March:.Cases in WIP, March 1: Blending = 12,000; Packaging = 4,500Cases completed/transferred out during March: Blending = 85,000; Packaging = ?Cases in WIP, March 31: Blending = 6,500; Packaging = 9,000How many cases of cola were completed and transferred to Finished Goods Inventory duringMarch?A) 76,500B) 79,500C) 80,000D) 81,500

Step 1: Definition of Cases Transferred to Finished Goods InventoryThe number of cases completed and…

Answered: Falcon Beverage Company uses a process…

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 1MAD: Dura-Conduit Corporation manufactures plastic conduit that is used in the cable industry. A conduit...

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Kelley paint company uses the weighted average method to account for costs of production. Kelley manufactures base paint in two separate departments - Mixing and Packaging. The following information is for the mixing Department for the Month of March. A total of 40,000 units were in beginning WIP Inventory. All were completed and transferred out during March. A total of 70,000 units were started durung March. Of the 70,000 units started, 20,000 units were completed and transferred out to the Packaging Department (100% complete with respect to direct materials, direct labor and overhead), and 50,000 units were partially completed and remained in ending WIP Inventory on March 31 (90% complete for direct materials, 70% complete for direct labor, and 30% complete for overhead, which is applied based on machine hours). Cost in beginning WIP Inventory totaled $229,000 ($98,000 in direct materials + $41,000 in direct labor + $90,000 in overhead). Cost incurred during March totaled…
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XYZ Corporation uses a process costing system to collect costs related to the production of its ice-cream flavored cola. The cola is first processed in a Mixing Department at Health and is then transferred out and finished up in the Bottling Department. The finished cases of cola are then transferred to Finished Goods Inventory. The following information relates to XYZ’s two departments for the month of January: Mixing Bottling Cases of cola in work in process, January 1................................... 25,000 9,000 Cases of cola completed/transferred out during January.......................... 110,000 ? Cases of cola in work in process, January 31................................. 7,000 19,000 How many cases of cola were completed and transferred to Finished Goods Inventory during January?
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Charvine Arts, a paint manufacturer, has two departments, Mixing, and Bottling. During the month of March, the Mixing Department completed 10,000 gallons of paint. At the beginning of the month, the department had 2,500 gallons of inventory in the process. The Mixing Department had 5,000 gallons of inventory in process at the end of the month. Required: Determine the units to be assigned cost in each of the following groups: beginning inventory, ending inventory, and units started and completed during the month.
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Delightful Winery produces botted wines for the hospitality industry in a four-stage process - Pumping, Filtration, Filling and Capping. After leaving the Capping Department, the bottled wines are packaged and sent to the Finished Goods warehouse for shipment to customers. The following data relates to the Filling Department for the month of June during which 4,000 botted wines valued at $2,200,000 were transferred from the Filtration Department to the Filling Department. Other production costs incurred during the month are summarized as follows: Direct Materials Added Direct Manufacturing Wages Manufacturing Overhead $342,000 $851,200 $410,400 Process inspection occurs during the process and normally no losses are expected at this stage. However, during the month 10% of the botted wines transferred into the Filling Department were rejected at inspection. Rejected units from this department are sold as scrap at $750 per bottle. These units had reached the following degree of…

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