Current Attempt in Progress Sunshine Beach Company manufactures a suntan lotion called Surtan, in 350-ml plastic bottles. Surtan is sold in a competitive market. As a result, management is very cost-conscious. Surtan is manufactured throughs two processes: mixing and filling Materials are entered at the beginning of each process, and labour and manufacturing overhead occur uniformly throughout each process, Unit costs are based on the cost per litre of Surtan using the weighted average costing approach On June 30, 2020, Ritaman, the chief accountant for the past 20 years, opted to take early retirement. Her replacement, Sid Ben, had extensive accounting experience with motels in the area but only Smited contact with manufacturing accounting. During July Sid correctly accumulated the following production quantity and cost data for the mixing department Production quantities Work in process, July 1:8.000 litres. 75% complete started into production 91.000 litres work in process, July 31, 5.000 litres. 2006 complete Materials are added at the beginning of the process Production costs: Beginning work in process $88,000 comprising $21.000 of materials costs and 567,000 of conversion costs incurred in July-materials $573.000, conversion costs $769.000 Sid then prepared a production cost report on the basis of physical units started into production His report showed a production cost of $15.71 per litre of Surtan. The management of Sunshine Beach a sorprised at the high unit cost. The president comes to you as Jill's top assistant to review Sid's report and prepare a correct report if necessary (4) Prepare a correct production cost report for July (Round unit costs to 2 decimal ploces, eg 15.25) Quantities Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Costs Unit costs Costs in July Equivalent units Unit costs Costs to be accounted for www. Physical Units SUNSHINE BEACH COMPANY Mixing Department Production Cost Report For the Month Ended July 31, 2020 Materials. $ Equivalent Units Conversion Costs Total Costs to be accounted for Work in process. July 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs Current Attempt in Progress Sunshine Beach Company manufactures a suntan lotion, called Surtan, in 350 ml plastic bottles. Surtan is sold in a competitive market. As a result, management is very cost-conscious Surtan is manufactured through two processes, mixing and filling Materials are entered at the beginning of each process, and labour and manufacturing overhead occur uniformly throughout each process. Unit costs are based on the cost per litre of Sortan using the weighted average costing approach. On June 30, 2020, Jill Ritzman, the chief accountant for the past 20 years, opted to take early retirement. Her replacement, Sid Benill, had extensive accounting experience with motels in the area but only limited contact with manufacturing accounting. During July, Sid correctly accumulated the following production quantity and cost data for the mixing department. Production quantities: Work in process. July 1.8.000 litres. 75% complete started into production 91,000 litres, work in process, July 31, 5,000 litres, 20% complete. Materials are added at the beginning of the process Production costs: Beginning work in process $88,000, comprising $21.000 of materials costs and $67,000 of conversion costs, incurred in July-materials $573.000, conversion costs $769.000. Sid then prepared a production cost report on the basis of physical units started into production. His report showed a production cost of $15.71 per litre of Surtan. The management of Sunshine Beach was surprised at the high unit cost. The president comes to you, as Jill's top assistant, to review Sid's report and prepare a correct report if necessary (c) Prepare a correct production cost report for July (Round unit costs to 2 decimal places, es 15.25) Quantities Units to be accounted for Work in process. July 1 Started into production Total units Units accounted for Transferred out Work in process, July 31 Total units Costs Unit costs Costs in July Equivalent units Unit costs Costs to be accounted for Work in process, July 1 Started into production Total costs Physical Units Mixing Department Production Cost Report For the Month Ended July 31, 2020 $ Materials Equivalent Units Conversion Costs Total Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, July 31 Materials Conversion costs Total costs $ $