That's Refreshing makes sports drinks for active people using the process cost system. Below are...
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That's Refreshing makes sports drinks for active people using the process cost system. Below are the cost and production data from the Mixing Department for July. The beginning inventory on the first of July was 100% complete as to materials and 20% as to conversions costs. The inventory on July 31 st was 100% completed for materials and 36% completed as to conversions costs. Prepare a production report using the FIFO Method. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ That's Refreshing } \\ \hline costs & TransferredIn & DirectMaterials & ConversionCosts & Total Costs \\ \hline \multicolumn{5}{|l|}{CostsperEquivalentUnitofProduction:} \\ \hline \multicolumn{5}{|l|}{ Total costs for the month } \\ \hline \multicolumn{5}{|l|}{ Total Equivalent Units } \\ \hline \multicolumn{5}{|l|}{ Costs per EUP } \\ \hline \multicolumn{5}{|l|}{ Costs Assigned to Product: } \\ \hline \multicolumn{5}{|l|}{ Beginning WIP } \\ \hline \multicolumn{5}{|l|}{ Cost for the month } \\ \hline \multicolumn{5}{|l|}{ Total } \\ \hline \multicolumn{5}{|l|}{ Costs allocated to units: } \\ \hline \multicolumn{5}{|l|}{ Beginning WIP } \\ \hline \multicolumn{5}{|l|}{ Cost to complete WIP } \\ \hline \multicolumn{5}{|l|}{StartedandCompletedunits} \\ \hline \multicolumn{5}{|l|}{ Transferred out } \\ \hline \multicolumn{5}{|l|}{ Ending WIP } \\ \hline Total Costs Assigned & & & & \\ \hline \end{tabular}
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