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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Scherff Inc. produces a product which goes through three processes - Process 1, Process 2, and Process 3. Process 1 is the Mixing Department; Process 2 is the Blending Department; and Process 3 is Pouring Department. The following information pertains to the Mixing Department to the units and costs for the month of October (% is the percentage completed):
Â
Direct Materials Conversion
Beginning Inventory 1000 units, 50% 1000 units, 25%
$10,000 $20,000
Â
Started this Period 20,000 units 20,000 units
$400,000 $1,600,000
Â
Ending Inventory 2000 units, 75% 2000 units, 50%
Â
Required:
1. Prepare a complete production report for the month of October using the FIFO technique.
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â----------- -----------Â ----------- Â ----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------