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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)
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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 process. Manufacturing Costs Beginning work in process Materials $18,100 Conversion costs 14,760 Materials Labor Overhead Production Data Beginning work in process 15,200 units, 1/10 complete Units transferred out 54,700 Units started 51,000 Ending work in process 11,500 units, 1/5 complete $32,860 220,220 67,500 88,740 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 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 Costs Physical Units 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 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 $ e Textbook and MediaStep by Step Solution
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