Exercise 16-13

The Welding Department of Thorpe Company has the following production and manufacturing cost data for February 2014. All materials are added at the beginning of the process.

Manufacturing Costs	Production Data
Beginning work in process	Beginning work in process	15,080	units, 1/10complete
Materials	$18,130	Units transferred out	49,140
Conversion costs	14,320	$32,450	Units started	45,530
Materials	212,188	Ending work in process	11,470	units,1/5complete
Labor	52,260
Overhead	51,718

Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.)

THORPE MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2014
Equivalent Units
Quantities	Physical Units	Materials	Conversion Costs
Units to be accounted for
Work in process, February 1
Started into production
Total units
Units accounted for
Transferred out
Work in process, February 28
Total units
Costs	Materials	Conversion Costs	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
Transferred out	$
Work in process, February 28
Materials	$
Conversion costs
Total costs	$