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2. Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for
2. Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows. Production Data Units In process, beginning of month (20% converted) 2,000 Started during current month 8,000 Completed and transferred to finished goods 5,500 In process, end of month (60% converted) 4,500 Manufacturing Costs Work in process, beginning $21,450 Materials $54,000 Direct labor cost $105,000 Factory overhead cost $36,180 Required Prepare a cost of production report for current month. Use FIFO process costing
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