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Exercise 6-7 EVEN APPLICAIION - MULTIPLE DEPTS The ICT Manufacturing Corp. has its product processed in Depatments M and P. production data for March are given below: -_ - _ _ - Required: Prepare the cost of production report for the two departments. Exercise 6-7. UNEVEN APPLICATION OF COSI Zay Corporation manufactures a product in two departments, Cutting and Assembly. During February, the Assembly department received 2,100 units from the Cutting department and 2,000 units were transferred out of the Assembly department to finished goods. At the end of the month, 500 units were still in process, they were 80% complete as to materials and 60% complete as to conversion cost. Cost data related to Februa o-erations follow: Costs charged to the dep't Beg. Invty Added this Period Costs from preceding Dep't Pi 1,800 P63,200 Direct labor 17,660 Factory Overhead 35,320 Required: Prepare the February cost of production report for the Assembly Dep't