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 2014:
Work in process, January 1, 2014 ........................ -
Gallons started ........................................ 450,000
Gallons transferred out .............................. 378,000
Direct materials cost ............................... $ 900,000
Direct labor cost .................................. $1,785,600
Overhead applied ................................. $2,678,400
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 2014.