Health Beverage Company uses a process costing system to collect costs related to the production of its celery 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 the Finished Goods Inventory. The following information relates to Health's two departments for the month of January: Cases of cola in WIP, January 1: Mixing = 10,000; Bottling = 3,000 Cases of cola completed/transferred out during January: Mixing = 77,000; Bottling = ? Cases of cola in WIP, January 31: Mixing = 4,000; Bottling = 8,000 How many cases of cola were completed and transferred to Finished Goods Inventory during January: a. 66,000 b. 71,000 c. 72,000 d. 74,000

Health Beverage Company uses a process costing system to collect costs related to the production of its celery 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 the Finished Goods Inventory. The following information relates to Health's two departments for the month of January: Cases of cola in WIP, January 1: Mixing = 10,000; Bottling = 3,000 Cases of cola completed/transferred out during January: Mixing = 77,000; Bottling = ? Cases of cola in WIP, January 31: Mixing = 4,000; Bottling = 8,000 How many cases of cola were completed and transferred to Finished Goods Inventory during January: a. 66,000 b. 71,000 c. 72,000 d. 74,000

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 13P: Tanaka Manufacturing Co. uses the process cost system. The following information for the month of...

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Jared Beverage Corporation uses a process costing system to collect costs related to the production of its celery flavored cola. The cola is first processed in a Mixing Department 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 the company's two departments for the month of January: Mixing 10,000 65,000 Bottling 5,000 Cases of cola in work in process, January 1 Cases of cola completed/t ransferred out during January Cases of cola in work in process, January 31 ? 4,000 7,000 How many cases of cola were completed and transferred to Finished Goods Inventory during January?
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