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Problem 4 (Textbook Reference: P3-4)- Prepare a production cost report A bottling company bottles soft...

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Accounting

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Problem 4 (Textbook Reference: P3-4)- Prepare a production cost report A bottling company bottles soft drinks using a process cost system. Following are cost and production data for the mixing department for June: Mate rials Costs Conversion Costs 16,240 41,720 Units Inventory, June 1 Paced in Production in June Inventory, June 30 11,620 S 133,000 S 29,960 S 56,000 $ 63,000 The June 30 inventory was 100% complete as to materials and 30% complete as to conversion. Required: Prepare a production cost report for the month ended June 30, using the average cost method. A production report template has been provided on the next page

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