The sanding department of Wildhorse Furniture Company has the following production and manufacturing cost data for...
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The sanding department of Wildhorse Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 10,750 units completed and transferred out; 3,800 units in ending work in process are 100% complete in terms of materials and 25% complete in terms of conversion costs. Manufacturing costs: materials $48,015; labour $41,350; overhead $33,530. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 15.25.) The sanding department of Wildhorse Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 10,750 units completed and transferred out; 3,800 units in ending work in process are 100% complete in terms of materials and 25% complete in terms of conversion costs. Manufacturing costs: materials $48,015; labour $41,350; overhead $33,530. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 15.25.)
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To prepare the production cost report we need to calculate the equivalent units of production for materials and conversion costs as well as the unit c... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Posted Date:
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