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The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of
The Welding Department of Healthy 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 15.200 units, 1/10 complete Materials $18,300 Units transferred out 55,100 Conversion costs 15,160 $33,460 Units started 50,900 Materials 226,270 Ending work in process 11,000 units, 1/5 complete Labor 67,100 Overhead 49,530 Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, eg. 2.25 and all other answers to decimal places, e.g. 1,225.) HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Equivalent Units Conversion Materials Physical Units Costs Quantities Units to be accounted for Workin process, February 1 Started into production Total units Units accounted for Transferred out Workin process, February 28 Total units Conversion Costs Materials Costs Unit costs - - Tot Total Costs Equivalent units Unit costs Costs to be accounted for Workin 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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