EasyFlow, Inc., manufactures a single type of garden cart. The monthly production report for July 2016 follows:
Question:
INSTRUCTIONS
Prepare the equivalent production computations for each department.
Analyze:
Which department's ending work in process inventory is at the lowest stage of completion in regard to labor and overhead in the month of July?
Transcribed Image Text:
EasyFlow, Inc. Monthly Production Report for July 2016 Molding Department AssemblyCompletion DepartmentDepartment Quantities Started in production-current month Transferred in from prior department Transferred out to next department Transferred out to finished goods Work in process-ending Stage of Completion- 5,000 3,900 1,100 3,100 3,900 3,100 2,600 500 800 ding Work in Process Materials Labor 100% 90 90 100% 80 80 90% 90 90
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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