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please provide a clear and organized solution thank you!! The department production report of Peninsula Company for August is summarized below: Assembly Department Finishing Department
please provide a clear and organized solution thank you!!
The department production report of Peninsula Company for August is summarized below: Assembly Department Finishing Department 2000 0 0 1860 Started-current month Transferred in from Prior Department Transferred out to Next Department 1860 0 0 1800 Transferred out to Finished Goods State of Completion of Ending WIP: Assembly Department Finishing Department Materials Complete 40% Labor 70% 10% Overhead 75% 40% Costs allocated to the departments are presented below: Labor Overhead Materials Assembly Department 30000 Finishing Department 68000 29670 18830 13671 7825 Required: Prepare a cost of production report for each department. Round total costs to 2 decimal places. Use WAMStep by Step Solution
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