The Welding Department of Hirohama Manufacturing Company has the following production and manufacturing cost data for February 2010. All materials are added at the beginning of the process. Hirohama uses the FIFO method to compute equivalent units.

Instructions:
Prepare a production cost report for the Welding Department for the month of February. Transferred-in costs are considered materials costs.

Transcribed Image Text:

Manufacturing Costs Beginning work in process Costs transferred in Materials Labor Overhead Production Data $ 32,175 Beginning work in process 15,000 units, 135,000 10% complete 57,000 Units transferred out 50,000 35,100 Units transferred in 60,000 71,900 Ending work in process 25,000, 20% complete