The Welding Department of Nagano Manufacturing Company has the following production and manufacturing cost data for February 2002. All materials are added at the beginning of the process. Nagano 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.

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Manufacturing Costs Beginning work in process $ 32,175 Costs transferred in Materials Labor Overhead Production Data Beginning work in process 135,000 15,000 units, 1/10 complete 45,000 Units transferred out 49,000 35,100 Units transferred in 60,000 70,300 Ending work in process 26,000, 1/5 complete