In: Accounting
The Welding Department of Healthy Company has the following
production and manufacturing cost data for February 2017. All
materials are added at the beginning of the process.
Manufacturing Costs |
Production Data |
||||||||
Beginning work in process | Beginning work in process | 15,100 | units, 1/10 complete | ||||||
Materials | $17,800 | Units transferred out | 55,000 | ||||||
Conversion costs | 15,160 | $32,960 | Units started | 51,200 | |||||
Materials | 211,598 | Ending work in process | 11,300 | units, 1/5 complete | |||||
Labor | 67,900 | ||||||||
Overhead | 39,476 |
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.)