Sprit Beverages, Inc. manufactures asport drink on acontinuous basis. The company makes a p r...
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Sprit Beverages, Inc. manufactures asport drink on acontinuous basis. The company makes a p r o d u c t t h a t s i p r o c e s s e d s e q u e n t i a l l y n i wt o d e p a r t m e n t s : M i x i n g a n d B o t t l i n g A s w o r k s i completed, ti is transferred out to the next department. During April, the following results are available for the Mixing department: a Beginning WIP had units, complete with respect ot materials and complete with respect ot conversion. Costs ni hte beginning WPI included material costs of $ and conversion costs of $ b During April, units were started ni process. Costs added during the current month April were materials, $; and conversion, $ c At the end of April, total units were completed and transferredout ot the Botling department. The remaining ending WPI was complete with respect ot materials and complete with respect ot conversion. On the next page, using the FIFO firstin firstout method, prepare a production cost reportfortheMixingdepartmentandprepareajournalentryforMixingot transferits costs to the next department. Round al your answers to decimal places if needed. POINTS
Sprit Beverages, Inc. manufactures asport drink on acontinuous basis. The company makes a p r o d u c t t h a t s i p r o c e s s e d s e q u e n t i a l l y n i wt o d e p a r t m e n t s : M i x i n g a n d B o t t l i n g A s w o r k s i completed, ti is transferred out to the next department. During April, the following results are available for the Mixing department:
a
Beginning WIP had units, complete with respect ot materials and complete with respect ot conversion. Costs ni hte beginning WPI included material costs of
$ and
conversion
costs of $
b During April, units were started ni process. Costs added during the current month April were materials, $; and conversion,
$
c At the end of April, total units were completed and transferredout ot the Botling
department. The remaining ending WPI was complete with respect ot materials and complete with respect ot conversion.
On
the next page, using the FIFO firstin firstout method, prepare a production cost reportfortheMixingdepartmentandprepareajournalentryforMixingot transferits costs to the next department. Round al your answers to decimal places if needed. POINTS
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