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c) The Xcell Health Care Company uses process costing system. The costs incurred in department 2 during the month of March are given below: Cost
c) The Xcell Health Care Company uses process costing system. The costs incurred in department 2 during the month of March are given below: Cost from preceding department $10,000 Cost added by department during March: Materials $10,908 Labor 3,888 Manufacturing overhead 2,052 16,848 The quantity schedule of department 2 has provided the following information: . Units received from department 1: 2,500 units Units transferred to department 3: 2,000 units . Units still in process on March 31: 500 units The stages of completion of units in process with respect to cost incurred is given below: . 50% of the units were 40% complete . 20% of the units were 30% complete . 30% of the units were 20% complete There was no work in process inventories on March 1. There was no normal or abnormal spoilage in Department 2 during march Required: Prepare a cost of production report for Department 2 of Xcell Health Care Company
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