1. Business
2. Business Management
3. Project Management
4. 127388

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

Prepare a production report for the Blending Department for July. Use the following three steps as guide in preparing your report.

1- Prepare a quantity schedule and compute the equivalent units.
2- Compute the costs per equivalent unit for the month.
3-Using the data from 1 and 2 above, prepare a cost reconciliation.

See attached file for full problem description.

Selzik Company makes super-premium cake mixes that go through two processing departments, Blending and Packaging.
The following activity was recorded in the Blending Department during July:

Production Data:
Units in process, July 1 (materials 100% complete,
conversion 30% complete) .............
Units started into production ............................
Units completed and transferred to Packaging .....................
Units in proces, July 32( materials 100% complete,
conversion 40% complete )...........................

Cost Data:
Work in process inventory, July 1:
Materials cost...................................
Conversion cost ...............................

Cost added during the month:
Materials cost .................................
Conversion cost ..............................
Total cost.................................................................

All materials are added at the beginning of work in the Blending Department. The company uses the FIFO method.

Required:
Prepare a productin report for the Blending Department for July. Use the following three steps as guide in preparing your report.
1- Prepare a quantity schedule and compute the equivalent units.
2- Compute the costs per equivalent unit for the month.
3-Using the data from 1 and 2 above, prepare a cost reconciliation.