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The Assembly Department of Flounder Company has the following production and cost data at the end of May, 2022, its first period of operations. Production:
The Assembly Department of Flounder Company has the following production and cost data at the end of May, 2022, its first period of operations. Production: 27,000 units started into production; 22,500 units completed and transferred out and 4,500 units 100% completed as to materials and 40% completed as to corrversion costs. Materials added at beginning of process, $83,700; labor, $67,500; overhead $56,430. Prepare a production cost report for the month of May using weighted-average process costing. (Do not leave any answer field blank. Enter O for amounts) (Round unit costs answers to 2 decimal ploces, es. 52.75.) Total units accounted for 27000 COSTS Materials Conversion Unit costs Costs in May Equivalent units of production Unit costs Costs to be accounted for Work in process, May 1 Started into production Total costs to be accounted for Cost Reconciliation Schedule Costs accounted for Completed and transferred out Work in process inventory, May 31 Materials Conversion costs Total costs accounted for 5 5
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