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Clement Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are added uniformly. Production and cost data
Clement Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are added uniformly. Production and cost data for the month of July 2017 are as follows: Production Data Basketballs Units Percentage complete Work in process units, July 1 500 60% Units started into production 1600 Work in process units, July 31 600 40% Cost Data Basketballs Work in process, July 1 Materials $ 540 Conversion costs 500 $1040 Direct materials 2400 Direct labour 1.600 Manufacturing overhead 1380 Instructions: Prepare the Production cost report for the month of July for Basketballs. TOTAL 20 MARKS
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