< > wood curtain rod - Go... ezto.mheducation.com 36"-66" Faux Wood C... StyleWell 36 in. - 66 in... Weatherly Lumber Co... Alvis Construction Sup... Course Hero M Question 11 - M4 Hom... M4 Homework Saved Help Save & Exit Submit 11 Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes the plastic frame from the mold and strips the edges of the frames of extra plastic. 10 points The following information is available for the month of January: January 1 eBook References Work-in-Process Inventory Molding department Finishing department Quantity (pounds) None 5,000 Cost $ 25,000 January 31 Quantity (pounds) None 2,000 Cost ? The WIP Inventory in the finishing department is estimated to be 40% complete for conversion both at the beginning and end of January. Costs of production for January follow: Costs of Production Molding department Finishing department Direct Materials Conversion $ 650,000 $ 190,000 235,690 The molding department started 50,000 pounds of product in January. The firm uses the FIFO method of process costing. Required 1. Prepare a production cost report for the molding department. 2. Prepare a production cost report for the finishing department. Complete this question by entering your answers in the tabs below. 7,002 Created by SEASOFT LTD. tv A Check my work