The inventory at May $1$ and the costs charged to Work in Process$--$Department B during May for Stella Company are as follows:

Beginning WIP, $12,000$ units, $60\%$ completed

$$62,400$

From Department A$,55,000$ units started this period

Direct materials added

$\backslash$table$[[,115,500],[$Direct labor incurred,$384,915],[$Factory overhead incurred,$138,000]]$

During May, all direct materials are transferred from Department A$,$ the units in process at May $1$ were completed, and of the $55,000$ units entering the department, all were completed except $6,000$ units which were $70\%$ completed. Inventories are costed by the first$-$in$,$ first$-$out method. Prepare a cost of production report for May. Round unit cost data to four decimal places and total cost to nearest cent.

ANS:

Stella Company

Cost of Production Report$--$Department B

For the Month Ended May $31,20--$

Equivalent Units

Whole

Direct

Units

Materials

Conversion