Can someone help me with this solution to this problem. (11.4A) Compute equivale

Question

Can someone help me with this solution to this problem.

(11.4A)      Compute equivalent production; prepare a cost of production report for department.
(Objs. 5, 6, 7). The Bentley Manufacturing Company began operations on June 1. Dur-
ing the first month, 5,672 units of product were placed in production in the first
department, the Blending Department. Of these, all but 1,000 were completed during the
month and transferred out to the second department, the Baking Department. All materials
had been added to the 1,000 units in process, but only 80 percent of the labor and overhead
had been added. The costs incurred during the month were materials, $119,112; labor,
$82,080; and manufacturing overhead, $65,664.

Instructions

1.   Prepare a schedule of equivalent production for the Blending Department for the month
of June.

2.   Prepare a cost of production report for the Blending Department for the month of June.

Explanation / Answer

The Bentley Manufacturing Company Cost of Production Report-Blending Department For the Month Ended June 30 Unit Information Units to account for during production: Inventory in process, June 1 0 Placed in production 5672 Total units accounted for by the Blending Department 5672 Units to be assigned costs: Equivalent Units of Production Whole Units Material Labor and Overhead Transferred to finished goods in June 4672 4672 4672 Inventory in process, June 30 (1000 x 80%) 1000 1000 800 Total units to be assigned costs 5672 5672 5472 Cost Information Costs per equivalent unit: Costs Material Labor and Overhead Total Total costs for June in Blending Department $ 119112 147744 Total equivalent units 5672 5472 Cost per equivalent unit $ 21.00 27.00 48.00 Costs assigned to production: Inventory in process, June 1 0 Costs incurred in June ($119112 + $82080 + $65664) 266856 Total costs accounted for by the Blending Department $ 266856 Costs allocated to completed and partially completed units: Transferred to finished goods in June $ (4672 x $48) 224256 Inventory in process, June 30 [(1000 x $21) + (800 x $27)] 42600 Total costs assigned by the Blending Department $ 266856

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