Cost of Production Report Soapy Soap Company produces bath soap in a two step process. A base fragrance is created by mixing several chemicals in the Blending Dept. The liquid output of the Blending Dept. is transferred to the Finishing Dept, where another chemical is added to thin the mixture. The diluted mixture is then bottled and transferred to Finished Goods Inventory to await sale. The company uses a process cost system, with a weighted average cost flow assumption in the Blending Dept. Data related to June operations are:

Blending Finishing

Units in Beginning Inventory ............... 1,000 1,400

Blending - 80% materials, 60% labor, 40% overhead)

Finishing - 50% materials, 60% labor, 80% overhead)

Units Started in process in Blending Dept. this period-------------------------- 6,000

Units transferred from Blending To Finishing this period................... 6,400 6,400

Units Added to process in Finishing Dept. this period............................ 19,200

Units Transferred from Finishing To Finished Goods........................ 26,000

Units in Ending Inventory:

Blending (60% materials, 20% labor and 25% overhead)..................... 600

Finishing (100% materials, 70% labor, And 70% overhead).................... 1,000

Cost in Beginning Inventory:

Cost from Preceding Dept................ P 8,450

Materials.................................... P 19,620 1,395

Labor....................................... 944 106

Factory Overhead........................ 2,375 659

Cost Added during the current period

Materials.................................. 129,100 28,305

Labor...................................... 6,880 19,919

Factory Overhead....................... 29,065 60,751

Required: Cost of Production Report for the Blending Department using

a. Weighted Average Method

b. FIFO