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Oriole Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process
Oriole Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process and conversion costs are incurred uniformly, Production and cost data for the Bladder Department for July 2022 are as follows: Production Data-Basketballs Units Percent Complete Work in process inventory units, July 1 490 60% Units started into production 1,000 Work in process inventory units, July 31 600 30% Cost Data-Basketballs Work in process, July 1 Materials $790 Conversion costs 600 $1,390 Costs added during July Direct materials Direct labour Manufacturing overhead 2,637 1,520 1,411 Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 2 decimal places, e.g. 15.25.) ORIOLE COMPANY Basketball Department Production Cost Report Quantities. Units to be accounted for Work in process inventory, July 1 Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process inventory, July 31 Equivalent Units of Production Physical Units Direct Materials Conversion Costs Work in process inventory, July 31 Total units accounted for Costs Unit costs Costs in July Equivalent units of production Unit costs Cost Reconciliation Schedule Costs to be accounted for Work in process inventory, July 1 Started into production $ Started into production Total costs to be accounted for Costs accounted for Completed and transferred out Work in process inventory, July 31 Direct materials Conversion costs Total costs accounted for eTextbook and Media Son for ster Attempts: 0 of 3 used Submit Answer
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