Appendix

Ex 3-29 Cost of production report: average cost method

make a cost of production report for the Cutting Department of Dalton Carpet Company for January 2014. Use the average cost method with the following data:

Work in process, January 1, 3,400 units, 75% completed

Materials added during January from Weaving Department, 64,000 units

Direct labor for January

Factory overhead for January

Goods nished during January (includes goods in process, January 1), 63,500 units Work in process, January 31, 3,900 units, 10% completed

$ 23,000 366,200 105,100

80,710