Question
The inventory at April 1, 2020 , and the costs charged to Work in Process--Department B during April for Worldwide Company are as follows: 1,200
The inventory at April 1, 2020, and the costs charged to Work in Process--Department B during April for Worldwide Company are as follows:
1,200 units, 40% completed
$ 47,800
From Department A, 26,000 units
845,000
Direct labor
312,000
Factory overhead
176,770
During April, all direct materials are transferred from Department A. In Department B, the units in process at April 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs. Inventories are costed by the first-in, first-out method.
Required:
Prepare a cost of production report for Department B for the month April 2020.
The inventory at April 1, 2020, and the costs charged to Work in Process--Department B during April for Worldwide Company are as follows:
1,200 units, 40% completed | $ 47,800 |
From Department A, 26,000 units | 845,000 |
Direct labor | 312,000 |
Factory overhead | 176,770 |
During April, all direct materials are transferred from Department A. In Department B, the units in process at April 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs. Inventories are costed by the first-in, first-out method.
Required:
Prepare a cost of production report for Department B for the month April 2020.
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