Required information [The following information applies to the questions display

Question

Required information [The following information applies to the questions displayed below Sue's Soup Products uses a process costing system with two processing departments: the Mixing and Cooking Department and the Canning Department. Work in process inventories are reduced to zero each month. In March, the Mixing and Cooking Department incurred manufacturing costs of $162,400 to mix 56,000 gallons of soup. The Canning Department incurred manufacturing costs of $13,500. A total of 270,000 cans of soup were transferred to the finished goods warehouse during the month. The unit cost per can of soup transferred to the finished goods warehouse during March was: Multiple Choice O soss 116 $2.90 3.14

Explanation / Answer

Answer

Cost per can = ($ 162,400 + $ 13,500) / 270,000 cans

Cost per can = 175900 / 270000

Cost per can = 0.65148….

Cost per can = $ 0.65 = Correct Answer = Option #1

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