Question
Cullumber Company has the following production data for March 2022: no beginning work in process, units started and completed 31,800, and ending work in process
Cullumber Company has the following production data for March 2022: no beginning work in process, units started and completed 31,800, and ending work in process 5,300 units that are 100% complete for materials and 40% complete for conversion costs. Cullumber uses the FIFO method to compute equivalent units. If unit materials cost is $ 8 and unit conversion cost is $ 12. The total costs to be assigned are $ 703,840. prepare the costs accounted for section of the production cost report for Cullumber Company using the FIFO method.
CULLUMBER COMPANY (Partial) Production Cost Report For the Month Ended March 31, 2022 | ||||||
---|---|---|---|---|---|---|
Materials | Conversion Costs | Total | ||||
Unit costs | ||||||
Total costs | $ enter a dollar amount | $ enter a dollar amount | $ enter a dollar amount | |||
Equivalent units | enter a number of units | enter a number of units | ||||
Unit costs | $ enter a dollar amount | $ enter a dollar amount | $ enter a dollar amount | |||
Costs to be accounted for | ||||||
In process, March 1 | $ enter a dollar amount | |||||
Started into production | enter a dollar amount | |||||
Total costs | $ enter a total amount | |||||
Costs accounted for | ||||||
Transferred out | ||||||
In process, March 1 | $ enter a dollar amount | |||||
Started and completed | enter a dollar amount | |||||
In process, March 31 | ||||||
Materials | $ enter a dollar amount | |||||
Conversion costs | enter a dollar amount | enter a subtotal of the two previous amounts | ||||
Total costs | $ |
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