Question
Production Report, No Beginning Inventory Softkin Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant.
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Production Report, No Beginning Inventory
Softkin Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year:
Work in process, January 1 Gallons started 450,000 Gallons transferred out 378,000 Direct materials cost $900,000 Direct labor cost $1,785,600 Overhead applied $2,678,400
Direct materials are added at the beginning of the process. Ending inventory is 95 percent complete with respect to direct labor and overhead.
Required:
Prepare a production report for the Mixing Department for the current year. If an amount is zero, enter "0".
Softkin Company Mixing Department Production Report for Current Year Unit Information Units to account for: - Ending work in process
- Units completed
- Units in beginning WIP
- Units in ending WIP
- Units to account for
- Ending work in process
- Units completed
- Units in ending WIP
- Units started
- Units to account for
Total units to account for Units accounted for: Equivalent Units Physical Flow Direct Materials Conversion Costs - Ending work in process
- Units completed
- Units in beginning WIP
- Units started
- Units to account for
- Units completed
- Units in beginning WIP
- Units in ending WIP
- Units started
- Units to account for
Total units accounted for Cost Information Costs to account for: Direct Materials Conversion Costs Total - Costs in beginning WIP
- Costs in ending work in process
- Cost per equivalent unit
- Costs to account for
$ $ $ - Costs added by department
- Costs in ending work in process
- Cost per equivalent unit
- Costs to account for
Total costs to account for $ $ $ Cost per equivalent unit $ $ $ Costs accounted for: - Costs added by department
- Costs in beginning WIP
- Units completed
- Units in beginning WIP
- Units started
$ - Beginning work in process
- Costs added by department
- Costs in beginning WIP
- Cost per equivalent unit
- Ending work in process
Total costs accounted for $
Production Report, No Beginning Inventory
Softkin Company manufactures sun protection lotion. The Mixing Department, the first process department, mixes the chemicals required for the repellant. The following data are for the current year:
| Work in process, January 1 | |
| Gallons started | 450,000 |
| Gallons transferred out | 378,000 |
| Direct materials cost | $900,000 |
| Direct labor cost | $1,785,600 |
| Overhead applied | $2,678,400 |
Direct materials are added at the beginning of the process. Ending inventory is 95 percent complete with respect to direct labor and overhead.
Required:
Prepare a production report for the Mixing Department for the current year. If an amount is zero, enter "0".
| Softkin Company | |||
| Mixing Department | |||
| Production Report for Current Year | |||
| Unit Information | |||
| Units to account for: | |||
| |||
| |||
| Total units to account for | |||
| Units accounted for: | |||
| Equivalent Units | |||
| Physical Flow | Direct Materials | Conversion Costs | |
| |||
| |||
| Total units accounted for | |||
| Cost Information | |||
| Costs to account for: | |||
| Direct Materials | Conversion Costs | Total | |
| $ | $ | $ |
| |||
| Total costs to account for | $ | $ | $ |
| Cost per equivalent unit | $ | $ | $ |
| Costs accounted for: | |||
| $ | ||
| |||
| Total costs accounted for | $ | ||
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Advanced Financial Accounting
Authors: Thomas H. Beechy
5th Edition
0131236997, 9780131236998
