LDR Manufacturing produces a pesticide chemical and uses process costing. There are three processing departmentsMixing, Refining, and Packaging. On January 1, 2014, the first department, Mixing, had no beginning inventory. During January, 40,000 fl. oz. of chemicals were started in production. Of these, 32,000 fl. oz. were completed and 8,000 fl. oz. remained in process. Management estimates that the in-process units are approximately 60% complete. In the Mixing Department, all direct materials are added at the beginning of the production process and all of its conversion costs (labor and overhead) are applied evenly throughout the process.

During January, the Mixing Department incurred $48,000 in direct materials costs and $150,000.00 in direct labor costs, and $61,600.00 in overhead costs. Using the attached Excel Costs of Production Report template, one generally following the textbook structure or the structure in the Costs of Production link, prepare a Costs of Production Report for the Mixing Department using the Weighted-Average Method.

To Account for Beg. WIP New Units [Transf. In Total Units PHYSICAL UNITS EQUIVALENT UNITS Direct Materials Direct Labor Overhead Accounted For Transferred Out End. WIP Total Units Overhead Total Costs Direct Materials S - Direct Labor S COSTS: Beginning Inventory Current Period Costs TOTAL PERIOD COSTS Equivalent Units Cost Per Equivalent Unit Direct Materials Direct Labor Overhead Total Costs TO Account For Beg. WIP Current Period Costs Total Costs Accounted For Units Completed & Transferred Out (Qty x SI Ending Inventory (EQUx $1 Total Costs