On October 1, 2019, There Was No Beginning Inventory in the Bottling

question 81

Short Answer

On October 1, 2019, there was no beginning inventory in the Bottling Department. During the month, production was started on 7,280 units. The total cost of materials was $36,400. All materials were placed in production at the start of the manufacturing process in the department. During the month, 5,800 units were transferred to the next department. There were 1,600 units still in process at the end of the month.
1. What is the cost per equivalent unit for materials?
2. What is the cost of materials in the goods transferred to the next department?
3. What is the cost of materials in the ending work in process inventory?

---

Definitions:

Shelf Registrations

A regulatory provision that allows an issuer to register new securities without immediately selling them, facilitating future offerings.

Continuous Basis

A term indicating that an activity or action is conducted without interruption or cessation; ongoing.

Tender Offer

A public offer made by an individual, company, or group to purchase a large percentage of another company's shares or bonds at a specified price.

Class of Shares

Different categories of stock in a corporation, each conferring distinct rights and privileges.