Question
The Welding Department of Sunland Company has the following production and manufacturing cost data for February 2022. All materials are added at the beginning of
The Welding Department of Sunland Company has the following production and manufacturing cost data for February 2022. All materials are added at the beginning of the process.
Manufacturing Costs | Production Data | ||||||||
---|---|---|---|---|---|---|---|---|---|
Beginning work in process | Beginning work in process | 15,200 | units | ||||||
Materials | $ 18,500 | Units completed and transferred out | 55,100 | ||||||
Conversion costs | 14,160 | $ 32,660 | Units started in production | 50,800 | |||||
Costs added during the month | Ending work in process | 10,900 | |||||||
Direct materials | 229,000 | ||||||||
Direct labor | 67,600 | ||||||||
Manufacturing overhead | 38,528 | ||||||||
$ 367,788 |
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 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.)
SUNLAND COMPANY Welding Department Production Cost Report choose the accounting period February 28 , 2022For the Year Ended February 28 , 2022For the Month Ended February 28 , 2022 | ||||||||
---|---|---|---|---|---|---|---|---|
Equivalent Units | ||||||||
Quantities | Physical Units | Materials | Conversion Costs | |||||
Units to be accounted for | ||||||||
Work in process, February 1 | enter a number of units | |||||||
Started into production | enter a number of units | |||||||
Total units | enter a total number of units | |||||||
Units accounted for | ||||||||
Completed and transferred out | enter a number of units | enter a number of units | enter a number of units | |||||
Work in process, February 28 | enter a number of units | enter a number of units | enter a number of units | |||||
Total units | enter a total number of units | enter a total number of units | enter a total number of units | |||||
Costs | Materials | Conversion Costs | Total | |||||
Unit costs | ||||||||
Total Costs | $ enter a dollar amount | $ enter a dollar amount | $ enter a dollar amount | |||||
Equivalent units | enter a dollar amount | enter a dollar amount | ||||||
Unit costs | $ enter a dollar amount rounded to 2 decimal places | $ enter a dollar amount rounded to 2 decimal places | $ enter a dollar amount rounded to 2 decimal places | |||||
Costs to be accounted for | ||||||||
Work in process, February 1 | $ enter a dollar amount | |||||||
Started into production | enter a dollar amount | |||||||
Total costs | $ enter a total amount | |||||||
Cost Reconciliation Schedule | ||||||||
Costs accounted for | ||||||||
Completed and transferred out | $ enter a dollar amount | |||||||
Work in process, February 28 | ||||||||
Materials | $ enter a dollar amount | |||||||
Conversion costs | enter a dollar amount | enter a subtotal of the two previous amounts | ||||||
Total costs | $ enter a total amount |
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