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.
Please provide a step-by-step answer for the following problem:
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Skills For Accounting And Auditing Research
Authors: Shelby Collins
2nd Edition
1618530747, 9781618530745
