LO 12-3, 12-4 excel I Problem 12-18A Process costing system Wright Cola Corporation produces a...
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LO 12-3, 12-4 excel I Problem 12-18A Process costing system Wright Cola Corporation produces a new soft drink brand, Sweet Spring, using two production departments: mixing and bottling. Wright's beginning balances and data pertinent to the mixing department's activities for 2018 follow: CHECK FIGURE b. $0.14 Accounts Cash Raw materials inventory Production supplies Work in process inventory (400,000 units) Common stock = 1 Beginning Balances $ 50,000 14,800 100 48,000 $112,900 1. Wright Cola issued additional common stock for $80,000 cash. 2. The company purchased raw materials and production supplies for $29,600 and $800, respec- tively, in cash
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