Brian Canning Co., which sells canned corn, uses an operation costing system. Cans of corn are...

70.2K

Verified Solution

Question

Accounting

Brian Canning Co., which sells canned corn, uses an operationcosting system. Cans of corn are classified as either sweet orregular, depending on the type of corn used. Both types of corn gothrough the separating and cleaning operations, but only regularcorn goes through the creaming operation. During January, twobatches of corn were canned from start to finish. Batch X consistedof 1,800 pounds of sweet corn, and Batch Y consisted of 1,700pounds of regular corn. The company had no beginning or endingWork-in-Process Inventory. The following cost information is forthe month of January: Batch Cost Batch Size Raw sweet corn X $12,600 1,800 lbs Raw regular corn Y 6,885 * 1,700 lbs Separatingdepartment costs 5,075 Cleaning department costs 3,500 Creamingdepartment costs 1,530 *Includes $2,300 for cream. Required: 1.Compute the unit cost for sweet corn and regular corn. 2. Recordappropriate journal entries.

Answer & Explanation Solved by verified expert

4.2 Ratings (880 Votes)

Part A Raw sweet corn 126001800 lbs 7 Raw regular corn 6885 1700 lbs 405 Total pounds for separating and cleaning departments 18001700 3500 lbs Total pounds for creaming department 1700 lbs Separating department 50753500 145 Cleaning department 35003500 1 Creaming department 15301700 090 Total product See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member