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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 Beginning work in process Materials $18,400 Conversion costs 14,460 Materials Labor Overhead Production Data Beginning work in process 14,700 units, 1/10 complete Units transferred out 55,300 Units started 50,600 Ending work in process 10,000 units, 1/5 complete $32,860 229,740 67,500 52,695 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 O decimal places, e.g. 1,225.) HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Equivalent Units Physical Conversion Units Materials Costs Quantities Units to be accounted for Work in process, February 1 14700 Started into production 55300 Total units 70000 Units accounted for Transferred out Work in process, February 28 Total units Costs Conversion Costs Materials Total Conversion Costs Materials Total Costs 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 Click if you would like to Show Work for this question: Open Show Work
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