Preparing a cost of production report. The Columbus Chemical Company produces a single product. All materials are added at the beginning of production. On November 1, 19X6, 2,000 liters of the product were in process in the first department. During the month of November, 24,000 liters were put into production. On November 30, 4,000 liters were still in process. The ending inventory is estimated to be complete as to materials and 75 percent complete as to labor and overhead. Cost data for the month of November are shown below.

Instructions Prepare a cost of production report for the month of November.

Transcribed Image Text:

Materials Beginning Work in Process Inventory $ 16,200 Added During November 201,000 Labor $ 1,850 23,916 Overhead $ 3,700 47,800