1. Prepare cost of production summaries for the Mixing, Blending, and Bottling departments 2. Prepare a department cost work sheet 3. Draft the journal entries required to record the month?s operation 4. Prepare a statement of cost of goods manufactured for December Taguchi Manufacturing Co. uses the process cost system. The following information for the month of December was obtained from the company?s books and from the production reports submitted by the department heads; Production Report Mixing Blending Bottling Units in process, beginning of period 2500 1500 3000 Started in process during month 12500 Received from prior department 13000 10000 Finished and transferred 13000 10000 11000 Finished and on hand 500 Units in process, end of period 2000 4000 2000 Stage of completion 4/5 Production Costs Work in process, beginning of period Costs in mixing 3075 6150 Materials 1470 Labor 650 Factory overhead 565 Cost in blending 3660 Materials 240 Labor 905 Factory overhead 750 Cost in bottling Materials 900 Labor 3100 Factory overhead 3080 Costs Incurred during month: Materials 15000 2500 1500 Labor 4750 8000 6500 Factory overhead 5240 6100 7000 Total_____________________$27,675 $21570 $31890

Name: Section: Problem 5-9 1. Ichiro Manufacturing Co. Cost of Production Summary - Mixing For the Month Ended December 31, 20xx Cost of work in process, beginning of month Materials Labor Factory overhead $- Cost of production for month: Materials Labor Factory overhead T otal costs to be accounted for $- Unit output for month: Finished and transferred to Blending during month Equivalent units of work in process, end of month Total equivalent production - Unit cost for month: Materials Labor Factory overhead Total $- Inventory costs: Costs of goods finished and transferred to Blending during month Cost of work in process, end of month: Materials Labor Factory overhead T otal production costs accounted for $- 1. Continued Ichiro Manufacturing Co. Cost of Production Summary -- Blending For the Month Ended December 31, 20xx Cost of work in process, beginning of month: Cost in Mixing Cost in Blending: Materials Labor Factory overhead - Cost of goods received from Mixing during month Cost of production in Blending for month: Materials Labor Factory overhead T otal costs to be accounted for $- $- Unit output for month: Finished and transferred to Bottling during the month Finished and on hand Equivalent units of work in process, end of month Total equivalent production - Unit cost for month: Materials Labor Factory overhead Total $- Inventory costs: Costs of goods finished and transferred to Bottling: Cost in Mixing Cost in Blending $Cost of goods finished and on hand: Cost in Mixing Cost in Blending $Cost of work in process, end of month: Cost in Mixing Cost in Blending: Materials Labor Factory overhead T otal production costs accounted for - $- - $- 1. Continued Ichiro Manufacturing Co. Cost of Production Summary -- Bottling For the Month Ended December 31, 20xx Cost of work in process, beginning of month: Cost in Mixing Cost in Blending Cost in Bottling: Materials Labor Factory overhead Cost of goods received from Blending during month Cost of production in Bottling for month: Materials Labor Factory overhead T otal costs to be accounted for $- Unit output for month: Finished and transferred to finished goods Equivalent units of work in process, end of month Total equivalent production - Unit cost for month: Cost from preceding department: Beginning inventory T ransferred in this month Average cost per unit Cost in Bottling: Materials Labor Factory overhead Total Units T otal Cost - Unit Cost $- # DIV/0! $- Inventory costs: Costs of goods finished and transferred: Cost in Mixing and Blending Cost in Bottling $Cost of work in process, end of month: Cost in Mixing and Blending Cost in Bottling: Materials Labor Factory overhead T otal production costs accounted for - $- 2. Ichiro Manufacturing Co. Departmental Cost Work Sheet For the Month Ended December 31, 20xx Analysis Mixing: Opening inventory in process Started in process Costs for month: Materials Labor Factory Overhead Finished and transferred to Blending Closing work in process Total Blending: Opening inventory in process Received during month from Mixing Costs added during month: Materials Labor Factory Overhead Finished and transferred to Bottling Completed and on hand Closing work in process Total Bottling: Opening inventory in process Received during month from Blending Costs added during month: Materials Labor Factory overhead Finished and transferred to stock Closing work in process Adjusting due to averaging costs from prior department Total Units Amount Cost per Received in Units Transf. Charged to Unit Transf. Dept Or on Hand Dept Amount Credited to Dept. $- - $- $- - - $- $- - - $- $- $- $- $- 2. Continued Summary: Materials: Mixing Blending Bottling Labor: Mixing Blending Bottling Factory overhead: Mixing Blending Bottling T otal production costs for December Add work in process, beginning of month: Mixing Blending Bottling T otal Deduct work in process, end of month: Mixing Blending Bottling Cost of production, goods fully manufactured during December $- - - - $- 3. Journal Entries DR CR 4. Ichiro Manufacturing Co. Statement of Cost of Goods Manufactured For the Month Ended December 31, 20xx Materials Labor Factory overhead Total Add work in process inventories, December 1 Total Less work in process inventories, December 31 Cost of goods manufactured during the month $