Production Report, No Beginning Inventory 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 450,000 Gallons transferred out 378,000 $900,000 $2,125,440 $3,188,160 Direct materials cost Direct labor cost Overhead applied 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". So Ch. 6 Homework Assignment assignment take frame Mixing Department Production Report for Current Year Unit Information Units to account for: Units in beginning WIP 0 ✓ Units started 450,000 Total units to account for 450,000 ✔ Units accounted for: Equivalent Units Physical Flow Units completed 378,000✓ Direct Materials 378,000 ✔ Conversion Costs 378,000 Units in ending WIP 72,000 72,000 64,800 Total units accounted for 450,000 Work completed Costs to account for: Costs in beginning WIP Costs to account for Total costs to account for Cost per equivalent unit Costs accounted for: Costs added by department Ending work in process Total costs accounted for 450,000 442,800 Cost Information Direct Materials Conversion Costs Total 900,000 ✔ 0✓ 442,800 x 1,342,800 x 900,000 442,800 x 1,342,800 x 453,600 x 828,000 x
Production Report, No Beginning Inventory 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 450,000 Gallons transferred out 378,000 $900,000 $2,125,440 $3,188,160 Direct materials cost Direct labor cost Overhead applied 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". So Ch. 6 Homework Assignment assignment take frame Mixing Department Production Report for Current Year Unit Information Units to account for: Units in beginning WIP 0 ✓ Units started 450,000 Total units to account for 450,000 ✔ Units accounted for: Equivalent Units Physical Flow Units completed 378,000✓ Direct Materials 378,000 ✔ Conversion Costs 378,000 Units in ending WIP 72,000 72,000 64,800 Total units accounted for 450,000 Work completed Costs to account for: Costs in beginning WIP Costs to account for Total costs to account for Cost per equivalent unit Costs accounted for: Costs added by department Ending work in process Total costs accounted for 450,000 442,800 Cost Information Direct Materials Conversion Costs Total 900,000 ✔ 0✓ 442,800 x 1,342,800 x 900,000 442,800 x 1,342,800 x 453,600 x 828,000 x
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Production Report, No Beginning Inventory
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
450,000
Gallons transferred out
378,000
$900,000
$2,125,440
$3,188,160
Direct materials cost
Direct labor cost
Overhead applied
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".
So Ch. 6 Homework Assignment assignment take frame
Mixing Department
Production Report for Current Year
Unit Information
Units to account for:
Units in beginning WIP
0 ✓
Units started
450,000
Total units to account for
450,000 ✔
Units accounted for:
Equivalent Units
Physical Flow
Units completed
378,000✓
Direct Materials
378,000 ✔
Conversion Costs
378,000
Units in ending WIP
72,000
72,000
64,800
Total units accounted for
450,000
Work completed
Costs to account for:
Costs in beginning WIP
Costs to account for
Total costs to account for
Cost per equivalent unit
Costs accounted for:
Costs added by department
Ending work in process
Total costs accounted for
450,000
442,800
Cost Information
Direct Materials
Conversion Costs
Total
900,000 ✔
0✓
442,800 x
1,342,800 x
900,000
442,800 x
1,342,800 x
453,600 x
828,000 x
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