Management Accounting ACC 3515 Group Exercise (GE) 1, Sem 1 2021/22 Makeshift Corp. makes a tummy ache related drug in one processing department. Direct materials and conversion costs are added evenly during the process. Makeshift uses the FIFO method of process costing. The following information for September 2019 is available. Equivalent Units Direct Conversion Materials Costs 8,700 2,175 Physical Units 8,000 35,000 13,000 Work in process, Sept 1 Started during Sept Work in process, Sept 30 11,200 7,840 There is no spoilage in the production of the drug. Degree of completion of work in process, Sept 1 is direct materials, 85%; conversion costs, 40%. Degree of completion of work in process, Sept 31 is direct materials, 60%; conversion costs, 10%. Total Costs for September 2019 Work in process, beginning Direct materials Conversion costs Direct materials added during Sept Conversion costs added during Sept Total costs to account for $ 61,500 43,200 $ 104,700 301,380 498,624 $904,704 Required: Prepare the Production Cost Report of Makeshift Corp. for the month ended September 2019. Management Accounting ACC 3515 Group Exercise (GE) 1, Sem 1 2021/22 Makeshift Corp. makes a tummy ache related drug in one processing department. Direct materials and conversion costs are added evenly during the process. Makeshift uses the FIFO method of process costing. The following information for September 2019 is available. Equivalent Units Direct Conversion Materials Costs 8,700 2,175 Physical Units 8,000 35,000 13,000 Work in process, Sept 1 Started during Sept Work in process, Sept 30 11,200 7,840 There is no spoilage in the production of the drug. Degree of completion of work in process, Sept 1 is direct materials, 85%; conversion costs, 40%. Degree of completion of work in process, Sept 31 is direct materials, 60%; conversion costs, 10%. Total Costs for September 2019 Work in process, beginning Direct materials Conversion costs Direct materials added during Sept Conversion costs added during Sept Total costs to account for $ 61,500 43,200 $ 104,700 301,380 498,624 $904,704 Required: Prepare the Production Cost Report of Makeshift Corp. for the month ended September 2019