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. The following data are for the current year:

Work in process, January 1	—
Gallons started	500,000
Gallons transferred out	420,000
Direct materials cost	$1,000,000
Direct labor cost	$2,361,600
Overhead applied	$3,542,400

Direct materials are added at the beginning of the process. Ending inventory is 90 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:
Units in beginning WIP
Units started
Total units to account for
Units accounted for:
		Equivalent Units
	Physical Flow	Direct Materials	Conversion Costs
Units in beginning WIP
Units in ending WIP
Total units accounted for
Work completed
Cost Information
Costs to account for:
	Direct Materials	Conversion Costs	Total
Costs in beginning WIP	$	$	$
Costs incurred during the period
Total costs to account for	$	$	$
Cost per equivalent unit	$	$	$
Costs accounted for:
Units in beginning WIP			$
Ending work in process
Total costs accounted for			$

Im not sure if the accounts are correct.

Answer 1

Solution: