Question: theres no additional information. Some random just commented trying to get me to go to his site (Appendix 6A) First-In, First-Out Method Benson Pharmaceuticals uses

 theres no additional information. Some random just commented trying to get
me to go to his site (Appendix 6A) First-In, First-Out Method Benson
Pharmaceuticals uses a process-costing system to compute the unit costs of the
theres no additional information. Some random just commented trying to get me to go to his site

(Appendix 6A) First-In, First-Out Method Benson Pharmaceuticals uses a process-costing system to compute the unit costs of the overthe-counter cold remedies that produces. It has three departments: mixing, encapsulating, and bottling. In mising, the ingredients for the cold capsules are measured, sifted, and blended (with materiais assumed to be uniformly added throughout the process). The mis is transferred out in paten containers. The encapsulating department takes the powdered mix and places it in capsules (which are necessarily added at the beginning of the process). One gallon of powdered mis converts into 1,500 capsules. After the capsules are filled and polished, they are transferred to bottling, where they are placed in bottles that are then affixed with a safety seal, lid, and label. Each bottle receives 50 capsules During March, the following results are available for the first two departments: Mixing Encapsulating Beginning inventories: Physical units 10 gallons 4,000 Materials $32 Labor $20 Overhead Transferred in Current production: Transferred out Ending inventory Materials Transferred in Labor Costs Costs 1252 $282 140 gallons 20 gallons $3,636 $4,618 > $140 208,000 6,000 $1,573 $1,944 Overhead Percentage of completion Beginning inventory 40% 50% Ending inventory 50% 40% Overhead in both departments is applied as a percentage of direct labor costs. In the mixing department, overhead is 200% of direct labor. In the encapsulating department, the overhead rate is 110% of direct labor Required: 1. Prepare a production report for the mixing department using the FIFO method. Round the unit cost to four decimal places. If required, reund final answers (xipt for unit costs) to the nearest dular or unit Benson Pharmaceuticale Mixing Department Production Report For the Month of March (FIFO Method) Unit Information Units accounted for Units in beginning WIP Units started Total units Units accounted for: Units started and completed Units in BWIP (to complete) Units in EWIP Total units arrunted for Physical Flow Equivalent Units 2. Prepare a production report for the encapsulating department using the FIFO method. Round the unit cost to four decimal places. If required, round final answers (except for unit costs) to the nearest dular or unit. Hint: For this department you must convert gallons to capsules Note: "Total costs to account for" and "Total costs to account for would be different due to rounding Benson Pharmaceuticals Encapsulating Department Production Report For the Month of March (FIFO Method) Unit Information Units to account for: Units in beginning WIP Units started Total units accounted for Units to account for Equivalent Units Transferred Material In Units started and completed Units in BWIP (to complete) Unita in EWIP Total units accounted for Costs to account for Previous Physical Flow Cost Information Transferred Materials In Conversion 8 Total Conversion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!