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 14,500 units, 1/10 complete Materials $17,500 Units transferred out 55,000 Conversion costs 14,560 $32,060 Units started 50,700 Materials 192,444 Ending work in process 10,200 units, 1/5 complete Labor 67,000 Overhead 67,885 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.)