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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 14,900 units, 1/10 complete
Materials $17,500 Units transferred out 55,200
Conversion costs 14,660 $32,160 Units started 50,700
Materials 192,420 Ending work in process 10,400 units, 1/5 complete
Labor 67,300
Overhead 58,376

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 places, e.g. 1,225.)

HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020

Equivalent Units

Quantities

Physical Units

Materials

Conversion Costs

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

Costs

Materials

Conversion Costs

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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