The Welding Department of Healthy Company has the following production and manuf

Question

The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process

Deginning work in 15,500 process units, 1/10 complete work in Materials $18,000 transferred 55,400 Coneson 15,16033,60startod 50,600 Ending 193,520work in process Materials 10,700 units, 1/5 complete 67,200 89,109 Prepare production cost report for the welding Department for the month of February Round unit costs to 2 doclmal places e.g. 2.25 and all other answers to 0 decimal places e.g. 1,225 Productlon Cost Report Month Ended February 28, 2017 Forth Physical Materials Costs Work in proccss, February 1 Started into production Total units Units accounted for Tranaferred ou Work in process, February 28 Total units Total Costs Equivalent units Unit costs Costs to be accounted for Work in process,February 1 Started into production Total costs Costs accounted for Work in process, February 28 Matcriak Converzion costs Total costs

Explanation / Answer

Healthy manufacturing company

WELDING department

production cost report for the month of feb 28, 2017

* 10700 / 5 = 2140

Costs Materials conversion costs Total Unit costs Costs in feb 211520 * 171469 ** 382989 Equivalent units 66100 57540 Unit costs $3.20 $2.98 $6.18 costs to be accounted for Work in Progress, february 1 $33160 started into production 349829 Total costs $382989 * $18000 + $193520 = $211520 ** $15160 + $67200 + $89109 = $171469

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