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The Welding Department of Vaughn Company has the following production and manufacturing cost data for February...

The Welding Department of Vaughn Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process.

Manufacturing Costs

Production Data

Beginning work in process Beginning work in process 15,000 units, 1/10 complete
    Materials $18,000 Units transferred out 54,600
    Conversion costs 14,360 $32,360 Units started 50,900
Materials 199,470 Ending work in process 11,300 units, 1/5 complete
Labor 67,500
Overhead 83,034

Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.)

VAUGHN MANUFACTURING COMPANY
Welding Department
Production Cost Report
For the Month Ended February 28, 2020

Equivalent Units

Quantities

Physical
Units


Materials

Conversion
Costs

Units to be accounted for

   Work in process, February 1

   Started into production

      Total units

Units accounted for

   Transferred out

   Work in process, February 28

      Total units

Costs


Materials

Conversion
Costs


Total

Unit costs

   Total Costs

$

$

$

   Equivalent units

   Unit costs

$

$

$

Costs to be accounted for

   Work in process, February 1

$

   Started into production

      Total costs

$

Cost Reconciliation Schedule

Costs accounted for

   Transferred out

$

   Work in process, February 28

      Materials

$

      Conversion costs

   Total costs

$

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