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Please answer the question in the format of the second screenshot. Screenshot 2: Prepare a Cost of Production Report for the following information. Use this
Please answer the question in the format of the second screenshot.
Screenshot 2:
Prepare a Cost of Production Report for the following information. Use this file: Chp 20 Exam COP Report.xlsx Upload your completed report. Melting Department Information: U Cost of Production Report Chp 20 Exam \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{ Quantity Schedule } & & & & & \multicolumn{5}{|c|}{ \% This Month } & & \multirow[b]{2}{*}{ Quantity } \\ \hline & & & & & Material & \multicolumn{2}{|r|}{ Labor } & \multicolumn{2}{|r|}{ Overhead } & & \\ \hline \multirow{2}{*}{\multicolumn{12}{|c|}{ Beginning Inventory }} \\ \hline & & & & & & & & & & & \\ \hline \multicolumn{12}{|c|}{ Received from Previous Department (Started) } \\ \hline & & & & & & & & & & & \\ \hline \multirow{2}{*}{\multicolumn{12}{|c|}{ Transferred to Next Dept. or Fin. Goods (Finished) }} \\ \hline & & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ Ending Inventory } \\ \hline & & & & & & & & & & & \\ \hline Cost Charged to Department & & & & & & & Total & & UnitsEquivalent & & Unit \\ \hline & & $ & & & & \\ \hline \multicolumn{12}{|l|}{ Cost added during the current period: } \\ \hline & $ & & & & & = & \\ \hline \multicolumn{5}{|c|}{ Labor.} & $ & & & & & = & \\ \hline \multicolumn{5}{|c|}{ Factory Overhead } & $ & & & & & = & \\ \hline \multicolumn{12}{|c|}{ Total cost added during current period } \\ \hline \multicolumn{5}{|c|}{ Total cost charged to the department } & & & $ & & & & $ \\ \hline Cost Accounted for as Follows & Units & & PercentCur.Month & & UnitsEquivalent & & Unit & & Sub & & \begin{tabular}{l} Total \\ Cost \end{tabular} \\ \hline \multicolumn{12}{|l|}{ Transferred to Next Dept. or Fin. Goods Inventory: } \\ \hline \multicolumn{12}{|l|}{ From beginning inventory } \\ \hline \multicolumn{5}{|c|}{ Beginning Balance.} & & & & & $ & & \\ \hline \multicolumn{12}{|l|}{ Cost to complete this period: } \\ \hline Labor......... & & x & & = & & x & & = & & & \\ \hline Factory Overhead ....... & & x & & = & & x & & = & & & $ \\ \hline Started and completed this period.. & & x & & = & & x & & & & = & \\ \hline \multicolumn{10}{|c|}{ Total cost Trans. To Next Dept. or Fin. Goods } & & $ \\ \hline & & & & & & & & & & & \\ \hline \multicolumn{12}{|l|}{ Work in Process, ending inventory: } \\ \hline Material & & x & & = & & x & & = & & & \\ \hline Labor. & & x & & = & & x & & = & & & \\ \hline Factory Overhead ............ & & x & & = & & x & & = & & & \\ \hline & $ \\ \hline & & & & & & & & +1 & & & \\ \hline Computation of EUP's: & & % & & & & & & & & & \\ \hline BI & & 0% & & & & & Finished =BI+S8 & & & & \\ \hlineS&C & & 0% & & & & & & & & & \\ \hline El & & 0% & & & & & Started =S&C+ & & & & \\ \hline & TOTAL & & & & & & & & & & \\ \hline \end{tabular}Step by Step Solution
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