Ignore the writing in white, but the Q2 writing below is the work I've done following along to try and solve, but cannot get the right numbers. I need A and B. Cedargrove Cider processes and bottles apple cider for sale through retail and big box grocery outlets. It had no work in process on May 31 in its only inventory account. The company started 19,100 cases during June. On June 30, work in process is 4,000 cases. The production supervisor estimates that the ending work-in-process inventory is 60 percent complete. Cost records at Cedargrove recorded June production costs of $93,750 in materials cost and $107,500 in conversion costs. All production is sold as it is produced. Required: a. Compute cost of goods sold for June. b. What is the value of work-in-process inventory on June 30? c. The president tells the controller that the company has already met its income target for the quarter, which ends on June 30, but whether the target can be met next quarter is in doubt. The president asks the controller to change the production manager's estimate about the ending work-in-process inventory to increase the probability the company can meet the next quarter's income target. To comply with the president's request, would the controller raise or lower the estimated percentage complete from the 60 percent estimate of the production supervisor? What should the controller do? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A Req B What is the value of work-in-process inventory on June 30? Note: Do not round intermediate calculations. Work-in-process inventory $ ,31,992x =154 Return to question 2 Cedargrove Cider processes and bottles apple cider for sale through retail and big box grocery outlets. It had no work in process on May 31 in its only inventory account. The company started 19,100 cases during June. On June 30, work in process is 4,000 cases. The production supervisor estimates that the 10 ending work-in-process inventory is 60 percent complete. Cost records at Cedargrove recorded June points production costs of $93,750 in materials cost and $107,500 in conversion costs. All production is sold as it is produced. 4950 5700 Osth_tosih STO EK SIOC 47600133000 =300 -37200 -3720 174600x 33700 137400= Required: +TI TO EB a. Compute cost of goods sold for June. b. What is the value of work-in-process inventory on June 30? c. The president tells the controller that the company has already met its income target for the quarter, which ends on June 30, but whether the target can be met next quarter is in doubt. The president asks the controller to change the production managers estimate about the ending work-in-process inventory to increase the probability the company can meet the next quarter's income target. 1. To comply with the president's request, would the controller raise or lower the estimated 2. What should the controller do? MH e#O Answer is complete but not entirely correct. j2y5 5v 00111/9 430 36 Compe Covs est.endwi60/ DL3OH 09569185 Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Req C2 FP 63750+109509) What is the value of work-in-process inventory on Sune 30? Note: Do not round intermediate calculations C05=+20O-7546=15954 Work-in-process inventory 31,992 @ ReqA Req C1 > e +19.160 (4000 tstoo matcco++onv.com 9390+07500=1333 Unm.nprodus 15i00 5100X$3.33015 9400$15.33=3199 Mc Noxt.
