First department FIFO cost of production report The Stargel Products Company uses pro- cess costing to accumulate
Question:
First department FIFO cost of production report The Stargel Products Company uses pro- cess costing to accumulate product costs for the products it manufactures. The company manufactures many products for outdoor use including an insect spray that requires three process centers. The first process center is Mixing. During January 6,000 units of output were started. Beginning work in process was 1,000 units with all materials and % conversion. Ending work in process was 1,500 units with all materials and % conversion. Beginning work in process inventory costs were $800 materials, $400 direct labor, and $480 applied overhead. During January materials cost in Mixing was $4,920, direct labor cost was $6,405, and applied manufacturing overhead was $7,625. The company uses FIFO inventory method to transfer all manufacturing costs.
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