Question
The following information was taken for the records of Hickory Manufacturing Company: Beginning Work-in-Process Inventory 800 Units Completed 1,600 Ending Work-in-Process Inventory 400 Ending Work-in-Process
The following information was taken for the records of Hickory Manufacturing Company:
| Beginning Work-in-Process Inventory | 800 |
| Units Completed | 1,600 |
| Ending Work-in-Process Inventory | 400 |
Ending Work-in-Process Inventory was 100% complete as the materials and 20% complete as the conversion costs.
Cost Information:
| Materials | Conversion | |
| Beginning Work-in-Process | $6,400 | $4800 |
| Added during period | 9,600 | 12,000 |
Prepare a cost of production report based on the above information.
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
