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Aletea Co. manufactures volleyballs through two processes: Production and Packaging. In the Production Dept., the raw materials are molded into volleyballs, then would be placed
Aletea Co. manufactures volleyballs through two processes: Production and Packaging. In the Production Dept., the raw materials are molded into volleyballs, then would be placed in cartons to be send to the finished good warehouse in the Packaging Dept. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Production Data during May 2020 are presented below: Production Data Beginning W.I.P Unis started into production Ending W.I.P Percent complete-ending inventory May 10.000 30.000 5.000 50% Cost Data Materials Labor Overhead Total $350.000 200.000 275.000 $825.000 Instruction: a. Prepare a schedule showing physical units of production? b. Determine the equivalent units of production for materials and conversion costs c. Determine the costs to be assigned to the units transferred and in process for May d. Prepare a production cost report for the Production Department for the month of May
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