Boyce Company manufactures chemicals. Chemical agent ABX is refined in the Refining department and, after it...
Boyce Company manufactures chemicals. Chemical agent ABX is
refined in the Refining department and, after it is transferred to
the Mixing department, a reactive agent is added to it. In May,
25,000 gallons of ABX having a cost of $100,000 were transferred
from the refining to the Mixing department where 15,000 gallons of
the reactive agent were added. When calculating the inventory costs
in the Mixing department, what will the cost per unit relating to
gallons transferred in from the Refining department be?
a.
$4.00
b.
$2.50
c.
$3.75
d.
$6.67
Homework Answers
| Cost of ABX | 100000 | |
| Divide by Total gallons added | 40000 | =25000+15000 |
| Cost per unit relating to gallons transferred in | 2.50 | |
| Option B $2.50 is correct |
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Boyce Company manufactures chemicals. Chemical agent ABX is
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