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Problemii01 (50 points) Victory, Inc, manufactures a product that passes through two processes: Mixing and Packaging, Direct materials are added at the beginning in the
Problemii01 (50 points) Victory, Inc, manufactures a product that passes through two processes: Mixing and Packaging, Direct materials are added at the beginning in the Mixing Department while all other manufacturing inputs are added uniformly in the Mixing Department, Information for the Mixing Department for August 2017 follows: Work in process, August 1: Units (30% complete) Direct materials Direct labor Overhead 75,000 $2000,000 $1,500,000 $1,188,000 During August, 1,500,000 units were completed and transferred to Packaging. The following costs were incurred by the Mixing Department during August: Direct materials Direct labor Overhead $25,000,000 $15,000,000 $6,000,000 There were 120,000 units that were 70 percent complete remaining in the Mixin Department at August 31. Required: Prepare the process costing production report. Use the Weighted Average Method (WAM) and round unit costs to two decimal places
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