Selzik Company makes super-premium cake mixes that go through two processing dep

Question

Selzik Company makes super-premium cake mixes that go through two processing departments, Blending and Packaging. The following activity was recorded in the Blending Department during July:

All materials are added at the beginning of work in the Blending Department. The company uses the FIFO method in its process costing system.

3.) Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Blending Department in July.

4.) Prepare a cost reconciliation report for the Blending Department for July.

Blending Department

Cost Reconciliation

Please answer all of the above filling in all blanks needed. Thank you

Selzik Company makes super-premium cake mixes that go through two processing departments, Blending and Packaging. The following activity was recorded in the Blending Department during July:

Explanation / Answer

Solution:

Transferred In Transferred Out Beginning 10,000 Transferred Out 160,000 Started 170,000 Ending 20,000 Total 180,000 Total 180,000

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