laurenec49
28.07.2021 •
Business
XYZ Corporation uses a process costing system to collect costs related to the production of its 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:
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
Required:
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
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