Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Beginning work in process Beginning work in process 15,200 units, 1/10 complete Materials $18,100 Units transferred out 54,700 Conversion costs 14,760 $32,860 Units started 51,000
Beginning work in process | Beginning work in process | 15,200 | units, 1/10 complete | ||||||
Materials | $18,100 | Units transferred out | 54,700 | ||||||
Conversion costs | 14,760 | $32,860 | Units started | 51,000 | |||||
Materials | 220,220 | Ending work in process | 11,500 | units, 1/5 complete | |||||
Labor | 67,500 | ||||||||
Overhead | 88,740 |
Prepare a production cost report for the Welding Department for the month of February.
Question 6 The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,200 units, 1/10 complete Materials $18,100 Units transferred out 54,700 Conversion costs 14,760 $32,860 Units started 51,000 Materials 220,220 Ending work in process 11,500 units, 1/5 complete Labor 67,500 Overhead 88,740 Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to O decimal places, e.g. 1,225.) HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, February 1 Started into production Total units Units accounted for Transferred out Work in process, February 28 Total units Conversion Costs Materials Total Costs Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, February 1 $ Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, February 28 Materials Conversion costs Total costsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started