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.