Accounting question Rocky Springs Beverage Company consists of two departments, Blending andFilling. The Filling Department received 62,300 ounces from the BlendingDepartment. During the period, the Filling Department completed 66,200 ounces,including 8,900 ounces of work in process at the beginning of the period. Theending work in process inventory was 5,000 ounces.How many ounces were started and completed during the period?

Step 1: Define InventoriesInventories are one of the common balance sheet accounts in the financial…

Answered: Rocky Springs Beverage Company consists…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 6PA: Narwhal Swimwear has a beginning work in process inventory of 13,500 units and transferred in...

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Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the Blending Department. During the period, the Filling Department completed 46,000 ounces, including 4,000 ounces of work in process at the beginning of the period. The ending work in process inventory was 8,000 ounces.How many ounces were started and completed during the period?
Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 68,000 ounces from the Blending Department. During the period, the Filling Department completed 77,400 ounces, including 12,100 ounces of work in process at the beginning of the period. The ending work in process inventory was 2,700 ounces. How many ounces were started and completed during the period
1. Tulip Lotion Company consists of two departments, Blending & Filling. The Filling department received 46,000 ounces from the Blending Department. During the period, the Filling Department completed 46,500 ounces, including 2,300 ounces of work in process at the beginning of the period. a) How many ounces (whole units) were in the Beginning WIP – Filling? b) How many ounces were started and completed during the period? c) How many ounces were left in Ending WIP – Filling?
Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,000 liters in beginning work in process inventory (30% complete). During the period, 71,000 liters were completed. The ending work in process was 5,000 liters (70% completed). What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process?
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The Bottling Department of Rocky Springs Beverage Company had 7,600 ounces in beginning work in progress inventory.
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Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 2,940 liters in beginning work in process inventory (30% complete). During the period, 59, 300 liters were completed. The ending work in process was 6, 460 liters (70% completed). What are the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process? fill in the blank 1 of 1 equivalent units
Gougem Oil Company processes gasoline. At April 1 of the current year 4,200 units were 2/3 completed in the Blending Department. During April, 20,000 units were transferred into the Blending Department from the Refining Department. During April the units in process at the beginning of the month were completed. Of the 20,000 units entering the department, all were completed except 6,400 units that were 2/5 completed. The equivalent units for conversion costs for April for the Blending Department was computed as follows: Equivalent Units of Production for April—Blending Dept. To process units started and completed in April (17,800 – 4,200) 13,600 To process units in inventory at April 30 (6,400 x 3/5) 3,840 Equivalent Units of Production for April 17,440 A) Ussing excel, compute the number of physical units to be accounted for during the period and show how…
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Napco Refining Company processes gasoline. On June 1 of the current year, 6,400 units were 3⁄5 completed in the Blending Department. During June, 55,000 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 55,000 units entering the department,all were completed except 5,200 units that were 1⁄5 completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows:Equivalent units of production in June:To process units in inventory on June 1: 6,400 × 3⁄5 3,840To process units started and completed in June: 55,000 – 6,400 48,600To process units in inventory on June 30: 5,200 × 1⁄5 1,040Equivalent units of production 53,480List the errors in the computation of equivalent units for conversion costs for the Blending…
Georgia Pacific completed and transferred 35,000 units of its product to a second department during the period. At the end of the period, another 10,000 units were in the first department's work in process inventory, 20% complete. How many equivalent units did the first department produce during the period?

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