Question
The Welding Department of Sheridan Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of
The Welding Department of Sheridan 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
Beg WIP Beg WIP 15,000 units, 1/10 complete
Materials 18,100 Units transferred out 55,400
Conversion Costs 14,260 32,360 Units started 51,100
Materials 229,775 Ending WIP 10,700 units, 1/5 complete
Labor 67,800
Overhead 41,651
Prepare a production cost report for the Welding Department for the month of February.
SHERIDAN MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020
Quantities Physical Units Materials Conversion Costs
Units to be accounted
for
WIP Feb 1
Started into production
Total units
Units accounted for
Transferred out
WIP Feb 28
Total Units
Costs Materials Conversion Costs
Unit Costs
Total Costs
Equivalent Units
Unit Costs
Costs to be
accounted for
WIP Feb 1
Started into production
Total Costs
Costs Reconciliation Schedule
Costs accounted for
Transferred out
WIP Feb 28
Materials
Conversion Costs
Total Costs
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Authors: Scott Fargason
1st Edition
0894134698, 978-0894134692
