Reference no: EM13949003
Grace Sauces, Inc., manufactures a steak sauce that passes through several processes. During the first quarter of the year, the Mixing Department received 180,000 quarts of liquid from the Cooking Department (transferred in at $230,400). Upon receiv- ing the liquid, the Mixing Department adds spices and allows blending to take place for 45 minutes. The product is then passed on to the Bottling Department.
There were 144,000 quarts in process at the beginning of the quarter, 75 percent complete with respect to conversion costs. The costs attached to the beginning inventory were as follows:
Transferred in $45,600
Powder 6,432
Conversion costs 14,400
Costs added by the Mixing Department during the first quarter were
Powder $33,500
Conversion costs 72,640
There were 31,500 quarts in ending inventory, 20 percent complete with respect to conversion costs.
Required
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