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The Welding Department of Coronado Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of
The Welding Department of Coronado Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process Manufacturing Costs Production Data Beginning work in process Beginning work in process Units transferred out 15,000 units, 1/10 complete 54,600 51,500 11,900 units, 1/5 complete Materials $18,400 Conversion costs Materials Labor Overhead 14,660 $33,060 Units started 254,250 67,200 89,080 Ending work in process Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal p CORONADO MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Equivalent Units Physical Units Conversion Costs Materials Quantities Units to be accounted for Work in process, February 1 Started into production Total units Units accounted for Transferred out Work in process, February 28 Total units Conversion Costs Costs Materials Total Unit costs Total Costs Equivalent units Unit costs Costs to be accounted for Work in process, February 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, February 28 Materials Conversion costs Total costs
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