Exercise 21-13 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 Beginning work in process Materials $17,900 Conversion costs 13,820 $31,720 Materials 255,076 Labor 52,070 Overhead 26,766 Production Data Beginning work in process 19,500 units 1/10 complete Units transferred out 42,400 Units started 42,540 Ending work in process 19,640 units 1/5 complete Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 2,520.) THORPE 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 cost $ $ $ 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 $