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Exercise 16A-13 The Welding Department of Sheffield Company has the following production and manufacturing cost data for February 2020. All materials are added at the
Exercise 16A-13 The Welding Department of Sheffield Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process Manufacturing Costs $17,600 15,060 Beginning work in process Materials Conversion costs Materials Labor Overhead Production Data Beginning work in process 14,500 units, 1/10 complete Units transferred out 55,300 Units started 50,600 Ending work in process 9,800 units, 1/5 complete $32,660 200,485 67,400 49,238 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 O decimal places, e.g. 1,225.) SHEFFIELD 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 Started into production Total units Units accounted for Transferred out Work in process, February 28 Total units Conversion Costs 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 Transferred out $ Work in process, February 28 Materials Conversion costs Total costs $ Click if you would like to Show Work for this question: Open Show Work
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