Brian Canning Company, which sells canned corn, uses an operation costing system. Cans of corm are classified as either sweet or regular, depending on the type of corn used. Both types of corn go...


Brian Canning Company, which sells canned corn, uses an operation costing system. Cans of corm are classified as either sweet or<br>regular, depending on the type of corn used. Both types of corn go through the separating and cleaning operations, but only regular<br>corn goes through the creaming operation. During January, two batches of corn were canned from start to finish. Batch X consisted of<br>1,500 pounds of sweet corn, and Batch Y consisted of 1,400 pounds of regular corn. The company had no beginning or ending Work-<br>in-Process Inventory. The following cost information is for the month of January:<br>Batch<br>Cont<br>$ 10,050 1,500 pounda<br>5,250* 1,400 pounda<br>1,335<br>2,030<br>420<br>Batch Size<br>Raw sweet corn<br>Rav regular corn<br>Separating department conta<br>Cleaning departnent conts<br>Creaning departnent conta<br>*Includes $1,700 for cream.<br>Required:<br>1. Compute the unit cost for sweet corn and regular corn.<br>2. Record appropriate journal entries.<br>Complete this question by entering your answers in the tabs below.<br>Required 1<br>Required 2<br>Compute the unit cost for sweet corn and regular corn. (Round your intermediate calculations and final answers to 2 decimal<br>places.)<br>Unit Cost per<br>Pound<br>Sweet com<br>Regular com<br>Required 2 ><br>

Extracted text: Brian Canning Company, which sells canned corn, uses an operation costing system. Cans of corm are classified as either sweet or regular, depending on the type of corn used. Both types of corn go through the separating and cleaning operations, but only regular corn goes through the creaming operation. During January, two batches of corn were canned from start to finish. Batch X consisted of 1,500 pounds of sweet corn, and Batch Y consisted of 1,400 pounds of regular corn. The company had no beginning or ending Work- in-Process Inventory. The following cost information is for the month of January: Batch Cont $ 10,050 1,500 pounda 5,250* 1,400 pounda 1,335 2,030 420 Batch Size Raw sweet corn Rav regular corn Separating department conta Cleaning departnent conts Creaning departnent conta *Includes $1,700 for cream. Required: 1. Compute the unit cost for sweet corn and regular corn. 2. Record appropriate journal entries. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the unit cost for sweet corn and regular corn. (Round your intermediate calculations and final answers to 2 decimal places.) Unit Cost per Pound Sweet com Regular com Required 2 >

Jun 10, 2022
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