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Please include steps. Thanks !! The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materials are
Please include steps. Thanks !!
The Welding Department of Healthy 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 Production Data Beginning work in process 14,500 units, 1/10 complete Units transferred out 55,000 $17,500 14,560 Conversion costs $32,060 Units started 50,700 Materials 191,140 Ending work in process 10,200 units, 1/5 complete Labor 67,000 Overhead 66,744 Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, eg. 2.25 and all other answers to decimal places, eg. 1,225.) HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 , Equivalent Units Conversion Materials Costs Physical Units Quantities 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 $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2Step by Step Solution
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