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Prepare a production report. $ 22,960* Work in process, January 1, 1,400 units, 75% completed *Direct materials (1.400 x $12.65) Conversion (1,400 x 75% x
Prepare a production report.
$ 22,960* Work in process, January 1, 1,400 units, 75% completed *Direct materials (1.400 x $12.65) Conversion (1,400 x 75% x $5.00) $ 17,710 5,250 $22,960 Materials added during January from Weaving Department, 58,000 units Direct labor for January Factory overhead for January Goods finished during January (includes goods in process, January 1), 56,200 units Work in process, January 31, 3,200 units, 30% completed $742,400 134,550 151,611Step by Step Solution
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