Softkin Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year:Work in process, January 1—Gallons started350,000Gallons transferred out294,000Direct materials cost$700,000Direct labor cost$1,377,600Overhead applied$2,066,400Direct materials are added at the beginning of the process. Ending inventory is 90 percent complete with respect to direct labor and overhead.Required:Prepare a production report for the Mixing Department for the current year. If an amount is zero, enter "0".Softkin CompanyMixing DepartmentProduction Report for Current YearUnit InformationUnits to account for:Number of Units Units completed Units in ending WIPTotal units to account forfill in the blank 5Units accounted for:Equivalent Units Physical FlowDirect MaterialsConversion Costs - Select -- Select -- Select - - Select -- Select -- Select -Total units accounted forfill in the blank 14blankblankWork completedblankfill in the blank 15fill in the blank 16Cost InformationCosts to account for:Direct MaterialsConversion CostsTotal $- Select -$- Select -$- Select - - Select -- Select -- Select -Total costs to account for$fill in the blank 25$fill in the blank 26$fill in the blank 27Cost per equivalent unit$fill in the blank 28$fill in the blank 29$fill in the blank 30Costs accounted for: $- Select - - Select -Total costs accounted for$fill in the blank 35

The production report provides a detailed summary of the production cost reports in the department…

Answered: Prepare a production report for the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Softkin Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year:

Work in process, January 1	—
Gallons started	350,000
Gallons transferred out	294,000
Direct materials cost	$700,000
Direct labor cost	$1,377,600
Overhead applied	$2,066,400

Direct materials are added at the beginning of the process. Ending inventory is 90 percent complete with respect to direct labor and overhead.

Required:

Prepare a production report for the Mixing Department for the current year. If an amount is zero, enter "0".

Softkin Company

Mixing Department

Production Report for Current Year

Unit Information

Units to account for:	Number of Units
	Units completed
	Units in ending WIP
Total units to account for	fill in the blank 5

Units accounted for:	Equivalent Units
	Physical Flow	Direct Materials	Conversion Costs
	- Select -	- Select -	- Select -
	- Select -	- Select -	- Select -
Total units accounted for	fill in the blank 14	blank	blank
Work completed	blank	fill in the blank 15	fill in the blank 16

Cost Information

Costs to account for:	Direct Materials	Conversion Costs	Total
	$- Select -	$- Select -	$- Select -
	- Select -	- Select -	- Select -
Total costs to account for	$fill in the blank 25	$fill in the blank 26	$fill in the blank 27
Cost per equivalent unit	$fill in the blank 28	$fill in the blank 29	$fill in the blank 30
Costs accounted for:
	$- Select -
	- Select -
Total costs accounted for	$fill in the blank 35

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