Exercise 16-13 (Video) The Welding Department of Coronado Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Beginning work in process Materials $17,700 Conversion costs 14,160 Materials Labor Overhead Production Data Beginning work in process 14,600 units, 1/10 complete Units transferred out 55,000 Units started 50,800 Ending work in process 10,400 units, 1/5 complete $31,860 227,550 67,700 43,716 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.) CORONADO MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Equivalent Units Physical Conversion Quantities Units Materials Costs Units to be accounted for Work in process, February 1 14600 Started into production 55000 Total units 69600 Units accounted for Transferred out 10400 10400 20BO Work in process, February 28 59200 59200 59200 Total units 69600 69600 61280 Costs Materials Costs Total Unit costs Total Costs Equivalent units mi 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 $ LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE