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The following data pertain to a production center of Sunbelt Company, a maker of sunscreen products Units Material Costs Conversion Costs Inventory (October 1) 70,
The following data pertain to a production center of Sunbelt Company, a maker of sunscreen products
Units | Material Costs | Conversion Costs | |
Inventory (October 1) | 70, 000 | $12,000 | $16, 000 |
Placed in production in October | 200, 000 | $20, 400 | $18, 200 |
Inventory (October 31) | 100, 000 | ?? | ?? |
The October 31 inventory was 100% complete as to materials and 20% complete as to conversion costs. Required: Using the template below, prepare a production cost report for the month ended October 31, using the average cost method
Production Report (Weighted Average Method) UNIT INFORMATION Units in be Units started/transferred in during the Total units to account for work in process invento Equivalent Units Materials Conversion Units completed & transferred out Units in ending work in process invento Total units accounted for COST INFORMATION Total Materials Conversion Costs in beginning work in process invento Costs incurred during the period Total costs to account for Total costs to account for Divided by equivalent units Cost per equivalent unit Costs completed &transferred out Costs remaining in ending work in process nventO Total costs accounted forStep by Step Solution
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