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1.Prepare a cost of production report for the Mixing Department 2. Determine the cost of goods sold (indicate the number of units and unit costs).

1.Prepare a cost of production report for the Mixing Department

2. Determine the cost of goods sold (indicate the number of units and unit costs).

3. Determine the finished goods inventory, May 31, 2010.

Work in process - Mixing (May 1)

$ 60,000

1/4 completed

12000

0.25

$ 5.00

Finished goods (May 1)

$ 24,000

4000

Charges to Work in Process - Mixing for May

Direct materials transferred from Baking

$ 72,000

12000

$ 6.00

Direct labor

$ 50,000

Factory overhead

$ 42,500

Completed units in May

7000

Units sold in May

15000

Work in process - Mixing

1/2 completed

5000

0.5

Finished goods (May 31)

8000

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