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Antler Company manufactures glass cleanser. The mixing department, the first process department, mixes the chemicals required for the cleanser. The following data are for 2010:
Work in process, January 1, 2010 .................... -Gallons started .......................................... 150,000Gallons transferred out ................................ 126,000Direct materials cost ................................... $150,000Direct labor cost .......................................$297,600Overhead applied ......................................$446,400Direct 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 2010.
Cost of goods sold, ending inventory and gross profit
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