Brainerd Corporation adds all materials at the beginning of production. On August 1, 2019, 1,400 gallons of its product were in production in the first department. During the month of August, 10,600 gallons were put into production. On August 31, 1,900 gallons were still in production. The ending inventory is estimated to be 70 percent complete as to labor and overhead. Cost data for the month follows:

	Materials			Labor			Overhead
Beginning inventory of work in process	$	7,560		$	5,100		$	2,550
Added during August		40,200			20,046			13,452

Required: Prepare a cost of production report for the month of August, assuming that the average cost method is used. Analyze: How many gallons of product will be held as beginning inventory of work in process on September 1 for the first department? What is the total cost for this quantity of product?

Complete this question by entering your answers in the tabs below.

• Equivalent Units
• Cost of Production
• Analyze
• Total Cost

Prepare a cost of production report for the month of August, assuming that the average cost method is used.

BRAINERD CORPORATION
Equivalent Unit Production Computations
Month Ended August 31, 2019
First Department
Materials: Units transferred out to next department
Work in process
Equivalent units of production for materials	0
Labor and Manufacturing Overhead:
Units transferred out to next department
Work in process
Equivalent units of production for labor and overhead	0

• Cost of Production
• Analyze
• Total Cost

Prepare a cost of production report. (Round your Unit cost answers to 2 decimal places.)

BRAINERD CORPORATION
Cost of Production Report
Month Ended August 31, 2019
	QUANTITY SCHEDULE
(a)	Quantity to be accounted for
	Work in processbeginning
	Started in production
	Total to be accounted for		0
(b)	Quantity accounted for
	Transferred out to next department
	Work in processending
	Total accounted for		0
	COST SCHEDULE	TOTAL COST	E.P. UNITS	UNIT COST
(c)	Costs to be accounted for
	Costs in current department
	Work in processbeginning
	Materials
	Labor
	Overhead
	Materials
	Labor
	Manufacturing overhead
	Cumulative cost total	$0		$0.00
(d)	Costs accounted for
	Transferred out to next department
	Work in processending
	Materials
	Labor
	Manufacturing overhead
	Rounding adjustment
	Total work in processending	$0
	Total costs accounted for	$0

How many gallons of product will be held as beginning inventory of work in process on September 1 for the first department?

Work in process inventory on Sep. 1

gallons

What is the total cost for this quantity of product?

	Total cost