direct materials are added at the beginning of the process ending inventory is 95 pe 649364
PRODUCTION REPORT, NO BEGINNING INVENTORY Deercreek Company manufactures insect repellant. The mixing department, the first process department, mixes the chemicals required for the repellant. The following data are for 2007:
Work in process, January 1, 2007 |
— |
Gallons started |
300,000 |
Gallons transferred out |
25,000 |
Direct materials cost |
$300,000 |
Direct labor cost |
$595,200 |
Overhead applied |
$892,800 |
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 2007.