Southwell Chemical Company produces a chemical preservative in two departments, Refining and…

Southwell Chemical Company produces a chemical preservative in two departments, Refining and Blending. The process begins in the Refining Department, where the liquid chemical base is removed from a crude chemical stock purchased from a large domestic chemical company. The liquid base is then transferred to the Blending Department, where other chemicals are added, which increase the total quantity of the product. The blended product is then transferred to Finished Goods to await sale and shipment to customers. Materials are added at the beginning of the process in the Blending Department. At the end of April, there were 2,000 units in process in the Blending Department, 20% complete as to labor and 40% complete as to overhead. During May, 5,000 units were received from the Refining Department, and a sufficient quantity of materials was added in the Blending Department to double the quantity of units in process. At the end of May, there were 1,500 units still in process, 60% complete as to labor and 80% complete as to overhead. Cost data related to May operations in the Blending Department are: Required: Assuming a process cost system with fifo cost flow is used to account for its work in process inventories, prepare a cost of production report for the Blending Department for May.

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