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The Welding Department of Majestic Company has the following production and manufacturing cost data for February 2025 . All materials are added at the beginning
The Welding Department of Majestic Company has the following production and manufacturing cost data for February 2025 . All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Majestic uses the FIFO method to compute equivalent units of production. Beginning work in process and ending work in process were 10% and 20% complete with respect to conversion costs, respectively. Prepare a production cost report for the Welding Department for February 2025. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to 0 decimal places, e.g. 125.) MADESIIC COMPANY Welding Department Production Cost Report Quantities Physical Conversi Equivalent Units Units to be accounted for Work in process, February 1 Started into production Total units Units accounted for Completed and transferred out Work in process, February 1 Started and completed Total Work in process, February 28 Total units MAJESIIC COMPANY Welding Department Production Cost Report Equivalent Units process, February 1 nto production its unted for ed and transferred out 1 process, February 1 and completed process, February 28 ts Costs Materials Costs Unit costs Costs in February 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 1 Costs to complete beginning work in process Conversion costs Total costs Units started and completed Total costs completed and transferred out Work in process, February 28 Materials Conversion costs Total costs - Materials Costs Total $ $ $ $ $ :ess $ $
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