(Appendix 6A) First-In, First-Out Method Benson Pharmaceuticals uses a process-costing system to compute the unit costs of the overthe- counter cold remedies that it produces. It has three departments: mixing, encapsulating, and bottling. In mixing, the ingredients for the cold capsules are measured, sifted, and blended (with materials assumed to be uniformly added throughout the process). The mix is transferred out in gallon containers. The encapsulating department takes the powdered mix and places it in capsules (which are necessarily added at the beginning of the process). One gallon of powdered mix converts into 1,500 capsules. After the capsules are filled and polished, they are transferred to bottling, where they are placed in bottles that are then affixed with a safety seal, lid, and label. Each bottle receives 50 capsules. During March, the following results are available for the first two departments: Mixing Encapsulating Beginning inventories: Physical units 10 gallons 4,000 Costs: Materials $252 $32 Labor $282 $20 Overhead ? ? Transferred in $140 Current production: Transferred out 140 gallons 208,000 Ending inventory 20 gallons 6,000 Costs: Materials $3,636 $1,573 Transferred in ? Labor $4,618 $1,944 Overhead ? ? Percentage of completion: Beginning inventory 40% 50% Ending inventory 50% 40% Overhead in both departments is applied as a percentage of direct labor costs. In the mixing department, overhead is 200% of direct labor. In the encapsulating department, the overhead rate is 150% of direct labor. Required: 1. Prepare a production report for the mixing department using the FIFO method. Round the unit cost to four decimal places. If required, round final answers (except for unit costs) to the nearest dollar or unit. Benson Pharmaceuticals Mixing Department Production Report For the Month of March (FIFO Method) Unit Information Units accounted for: Units in beginning WIP fill in the blank 319ae000bfd4fd4_1 10 Units started fill in the blank 319ae000bfd4fd4_2 150 Total units fill in the blank 319ae000bfd4fd4_3 160 Units accounted for: Physical Flow Equivalent Units Units started and completed fill in the blank 319ae000bfd4fd4_4 130 fill in the blank 319ae000bfd4fd4_5 130 Units in BWIP (to complete) fill in the blank 319ae000bfd4fd4_6 10 fill in the blank 319ae000bfd4fd4_7 6 Units in EWIP fill in the blank 319ae000bfd4fd4_8 20 fill in the blank 319ae000bfd4fd4_9 10 Total units accounted for fill in the blank 319ae000bfd4fd4_10 160 fill in the blank 319ae000bfd4fd4_11 146 Cost Information Costs to account for: Materials Conversion Total Beginning WIP $fill in the blank 319ae000bfd4fd4_12 252 $fill in the blank 319ae000bfd4fd4_13 846 $fill in the blank 319ae000bfd4fd4_14 1,098 Incurred during March fill in the blank 319ae000bfd4fd4_15 3,636 fill in the blank 319ae000bfd4fd4_16 13,854 fill in the blank 319ae000bfd4fd4_17 17,490 Total costs to account for $fill in the blank 319ae000bfd4fd4_18 3,888 $fill in the blank 319ae000bfd4fd4_19 14,700 $fill in the blank 319ae000bfd4fd4_20 18,588 Equivalent units fill in the blank 319ae000bfd4fd4_21 146 Cost per equivalent unit $fill in the blank 319ae000bfd4fd4_22 119.7945 Costs accounted for: Transferred Out Ending Work in Process Total Units started and completed $fill in the blank 319ae000bfd4fd4_23 15,573 $fill in the blank 319ae000bfd4fd4_24 15,573 Units in beginning WIP: From prior period fill in the blank 319ae000bfd4fd4_25 1,098 fill in the blank 319ae000bfd4fd4_26 1,098 From current period fill in the blank 319ae000bfd4fd4_27 719 fill in the blank 319ae000bfd4fd4_28 719 Ending work in process $fill in the blank 319ae000bfd4fd4_29 1,198 fill in the blank 319ae000bfd4fd4_30 1,198 Total costs accounted for $fill in the blank 319ae000bfd4fd4_31 17,390 $fill in the blank 319ae000bfd4fd4_32 1,198 $fill in the blank 319ae000bfd4fd4_33 18,588 Feedback Correct 2. Prepare a production report for the encapsulating department using the FIFO method. Round the unit cost to four decimal places. If required, round final answers (except for unit costs) to the nearest dollar or unit. Hint: For this department you must convert gallons to capsules. Note: "Total costs to account for" and "Total costs to account for" would be different due to rounding. Benson Pharmaceuticals Encapsulating Department Production Report For the Month of March (FIFO Method) Unit Information Units to account for: Units in beginning WIP fill in the blank 2bf1aefe0f9d01b_1 4,000 Units started fill in the blank 2bf1aefe0f9d01b_2 210,000 Total units accounted for fill in the blank 2bf1aefe0f9d01b_3 214,000 Units to account for: Equivalent Units Physical Flow Transferred In Materials Conversion Units started and completed fill in the blank 2bf1aefe0f9d01b_4 204,000 fill in the blank 2bf1aefe0f9d01b_5 204,000 fill in the blank 2bf1aefe0f9d01b_6 204,000 fill in the blank 2bf1aefe0f9d01b_7 204,000 Units in BWIP (to complete) fill in the blank 2bf1aefe0f9d01b_8 4,000 fill in the blank 2bf1aefe0f9d01b_9 2,000 Units in EWIP fill in the blank 2bf1aefe0f9d01b_10 6,000 fill in the blank 2bf1aefe0f9d01b_11 6,000 fill in the blank 2bf1aefe0f9d01b_12 6,000 fill in the blank 2bf1aefe0f9d01b_13 2,400 Total units accounted for fill in the blank 2bf1aefe0f9d01b_14 214,000 fill in the blank 2bf1aefe0f9d01b_15 210,000 fill in the blank 2bf1aefe0f9d01b_16 210,000 fill in the blank 2bf1aefe0f9d01b_17 208,400 Cost Information Costs to account for: Transferred In Materials Conversion Total Beginning WIP $fill in the blank 2bf1aefe0f9d01b_18 140 $fill in the blank 2bf1aefe0f9d01b_19 32 $fill in the blank 2bf1aefe0f9d01b_20 50 $fill in the blank 2bf1aefe0f9d01b_21 222 Incurred during March fill in the blank 2bf1aefe0f9d01b_22 17,390 fill in the blank 2bf1aefe0f9d01b_23 1,573 fill in the blank 2bf1aefe0f9d01b_24 4,860 fill in the blank 2bf1aefe0f9d01b_25 23,823 Total costs to account for $fill in the blank 2bf1aefe0f9d01b_26 17,530 $fill in the blank 2bf1aefe0f9d01b_27 1,605 $fill in the blank 2bf1aefe0f9d01b_28 4,910 $fill in the blank 2bf1aefe0f9d01b_29 24,045 Equivalent units fill in the blank 2bf1aefe0f9d01b_30 210,000 fill in the blank 2bf1aefe0f9d01b_31 210,000 fill in the blank 2bf1aefe0f9d01b_32 208,400 Cost per equivalent unit $fill in the blank 2bf1aefe0f9d01b_33 0.0828 $fill in the blank 2bf1aefe0f9d01b_34 0.0075 $fill in the blank 2bf1aefe0f9d01b_35 0.0233 $fill in the blank 2bf1aefe0f9d01b_36 Costs accounted for: Transferred Out Ending WIP: Total Units started and completed $fill in the blank 2bf1aefe0f9d01b_37 $fill in the blank 2bf1aefe0f9d01b_38 Units in BWIP from prior period fill in the blank 2bf1aefe0f9d01b_39 fill in the blank 2bf1aefe0f9d01b_40 Current period fill in the blank 2bf1aefe0f9d01b_41 6,406 fill in the blank 2bf1aefe0f9d01b_42 Ending work in process: Transferred in $fill in the blank 2bf1aefe0f9d01b_43 fill in the blank 2bf1aefe0f9d01b_44 Materials fill in the blank 2bf1aefe0f9d01b_45 45 fill in the blank 2bf1aefe0f9d01b_46 45 Conversion fill in the blank 2bf1aefe0f9d01b_47 56 fill in the blank 2bf1aefe0f9d01b_48 56 Total costs accounted for $fill in the blank 2bf1aefe0f9d01b_49 $fill in the blank 2bf1aefe0f9d01b_50 $fill in the blank 2bf1aefe0f9d01b_51