Prepare a cost of production report for the Cutting Department of Perma-Wear Carpet Company for October 2010,
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Prepare a cost of production report for the Cutting Department of Perma-Wear Carpet Company for October 2010, using the following data and assuming that all materials are added at the beginning of theprocess:
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Work in process, October 1, 6,000 units, 75% completed *Direct materials (6,000 x $7.60) Conversion (6,000 x 75% x $370) $ 62,250* $45,600 16,650 $62,250 Materials added during October from Weaving Department, 162,000 units Direct labor for October Factory overhead for October Goods finished during October (includes goods in process, October 1), 160,400 units Work in process, October 31, 7,600 units, 30% completed $1,215,000 362,080 191,550
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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