The welding department of Hirohama Manufacturing Company has the following production and manufacturing cost data for February 2016. All materials are added at the beginning of the process. Hirohama uses the FIFO method to calculate equivalent units.

Instructions
Prepare a production cost report for the welding department for the month of February. Transferred-in costs are considered materials costs.

Transcribed Image Text:

Manufacturing Costs Production Data 10,000 units, 10% complete Beginning work in process 23,600 Beginning work in process Costs transferred in Materials Labour Overhead 135,000 57,000 35,100 68,400 Units transferred out Units transferred in Ending work in process 65,000 80,000 25,000, 20% complete