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Tranquil Teas makes bottled iced teas and uses a process cost system.
Question 1: Each day, Tranquil produces 250 bottles of tea; each period, Tranquil produces 23,000 bottles; each year, Tranquil produces 92,000 bottles. In addition, Tranquil does about 180 production runs per year. At what point should Tranquil determine its total manufacturing costs? Option 1: at the end of each period
Option 2: at the end of each year
Option 3: at the end of each day
Option 4: at the end of each production run
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