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Cost of Production Report; Originating; Average costing. Tyndol Fabricators inc. manufactures a product in two departments. The product is cut out of sheet metal and

Cost of Production Report; Originating; Average costing. Tyndol Fabricators inc. manufactures a product in two departments. The product is cut out of sheet metal and bent to shape in the cutting and forming department and then transferred to the assembling department, where parts purchased from outside vendors are added to the base unit. Since only one product is manufactured by the company, a process cost system is used . The company uses the average cost flow assumption to account for its work in process inventories. Data related to November operations in the cutting and forming department are:

Units in Beggining Inventory..............................................................................800

Units started in process this period...................................................................3200

Units tranferred to assembling Depatment this period......................................3400

Units in ending inventory(75% materials,40% labor, 25% overhead)............... 600

Costs charged to the department: Beggining Added

Inventory This Period

Materials.....................................................................$17,923 $ 68,625

Direct Labor ...............................................................2,352 14,756

Factory overhead........................................................3,800 29,996

Required: Prepare a November cost of production report for the cutting and forming department?

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