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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 $18,000 Conversion costs 14,360 Materials Production Data Beginning work in process 15,000 units, 1/10 complete Units transferred out 54,600 Units started 50,900 Ending work in process 11,300 units, 1/5 complete $32,360 199,470 67,500 83,034 Labor Overhead 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, eg. 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 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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