Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress The Welding Department of Oriole Company has the following production and manufacturing cost data for February 2022. All materials are added

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Current Attempt in Progress The Welding Department of Oriole Company has the following production and manufacturing cost data for February 2022. All materials are added at the beginning of the process. Production Data 15,300 units 54,800 Beginning work in process Units completed and transferred out Units started in production Ending work in process $32,760 Manufacturing Costs Beginning work in process Materials $17.900 Conversion costs 14,860 Costs added during the month Direct materials Direct labor Manufacturing overhead 51.100 11,600 201,220 67,700 91,656 $393,336 Beginning work in process and ending work in process were 10% and 20% complete with respect to conversion costs respectively. Prepare a production cost report for the Welding Department for the month of February (Round unit costs to 2 decimal places, e.. 2.25 and all other answers to o decimal places, e.g. 1,225.) ORIOLE COMPANY Welding Department Production Cost Report For the Month Ended February 28 2022 Equivalent Units Physical Units Conversion Costs Materials Quantities Units to be accounted for Work in process February 1 15300 Started into production 51100 Total units 66400 Units accounted for Completed and transferred out 54800 54800 54800 Work in process, February 28 11600 11600 Total units Costs Conversion Costs Materials Total Unit costs Total Costs $ $ Equivalent units Unit costs $ $ $ Costs to be accounted for Work in process. February 1 Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for $ Completed and transferred out Work in process, February 28 Materials Conversion costs Total costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Accounting Course 2

Authors: Claudia B. Gilbertson

9th Edition

053844827X, 9780538448277

More Books

Students also viewed these Accounting questions