Financial and Managerial Accounting: E4-5 Medi-syrup is large cough syrup producer
Financial and Managerial Accounting E4-5 Medi-syrup is large cough syrup producer. The cough syrup passes through several stages during production. In departments B, the following activity was recorded for Oct: Beginning work in process on oct 1 was 40,000 gallons. 20,000 gallons were started into production in department B during October. 55,000 Gallons were completed and transferred out to department C during the month. The gallons remaining in work in process in department B at the end of the month were 80% complete as to material cost and 60% complete as to conversion cost. Prepare a physical flow schedule and a schedule of equivalent units for the department.