Chapter 6 Production Report Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March. Production: Units in process, March 1 12,000 units (60% complete with materials; 30% complete with conversion) Units completed and transferred-out 88,000 units Units in process, March 31 34,000 units (90% complete with materials; 50% complete with conversion) Costs: Work-In-Process, March 1: Materials $ 44,400; Conversion $ 30,500 Costs added during March: Materials $548,600; Conversion $599,500 Using the Weighted-Average method, prepare the production cost report. Flow of Units: Units to be accounted for Beg. WIP CMO Pinsical this Units started Total units to be accounted for Epher Lluis its accow forfollow Corsi Completed & transferred-out End WIP (MOH. Total units accounted for I Elow of Costs Corts to be accomfor Beg WIP costs Total Hotel Color Costs added in cunct period Total costs to be accounted for Costs per le Costcode Completed transferred out End WP Total costs accounted for Saphire Company budgeted the following production in units for the second quarter of the year: April May June Units to be produced 45,000 38,000 42,000 Each unit of product requires 4 pounds of raw material that costs $5 per pound. Inventory policy requires that sufficient raw materials be in ending monthly inventory to satisfy 30% of the following month's production needs. The ending inventory policy was met in March (The inventory of raw materials at the beginning of April equals exactly the amount needed to satisfy the company's inventory policy.) The desired ending inventory for June is 60,000 pounds. Based on the above information, prepare the company's direct materials purchase budget for April, May, and June and for the quarter in total Direct Materials Purchase Budget April May June Quarter Units to be produced Raw materials needed per unit (lbs.) Production needs (lbs.) Desired ending inventory Total needs Beginning inventory Raw materials to be purchased Cost of raw materials per pound Total purchase cost of raw materials $ S n