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The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.
The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.
Work in process, January 1, 8,200 units, 65% completed | $96,555* | |
*Direct materials (8,200 $8.20) | $67,240 | |
Conversion (8,200 65% $5.50) | 29,315 | |
$96,555 | ||
Materials added during January from Weaving Department, 126,400 units | $1,049,120 | |
Direct labor for January | 305,038 | |
Factory overhead for January | 372,824 | |
Goods finished during January (includes goods in process, January 1), 127,800 units | ||
Work in process, January 31, 6,800 units, 45% completed |
Question Content Area
a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places.
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