In: Accounting
Mattel Corporation makes a product called Playdough. It uses
three departments to make Playdough;
Mixing, Melting, and Packaging. The following data concern the
operations of the Mixing department
for July, 2011.
Pounds in process at July 1
Pounds Started into Production during July
Pounds completed and transferred out to Melting
Pounds in Work in Process at July 31:
Pounds in Process at July 1:
Stage of completion materials
Stage of completion conversion
Pounds in Process at July 31:
Stage of completion materials
Stage of completion conversion
Costs in Beginning Work in Process at July 1:
Materials Cost
Conversion Cost
Costs added to Production in July:
Materials
Conversion
30,000
340,000
330,000
40,000
60%
20%
80%
30%
$64,800
$28,000
$369,600
$177,200
PREPARE A PRODUCTION REPORT FOR JULY FOR PLAYDOUGH.
The answer has been presenetd in the supporting sheet. For detailed answer refer to the supporting sheet.