cost accounting

Project Description:

prepare a cost of production report for erin company, which has just one department, for the month ending october 31. there is beginning work in process 1/4 complete as to all costs. there is also ending work in process 2/5 complete as to all costs. all costs are added at the same time. the company uses the average costing method for determining the equivalent units of production and for preparing the cost of production report.
other information:
bwip 2000 units containing material costs of $2,000, labor costs of $2,500, and overhead costs of $5,000. costs added this month to production were material costs of $46,000, labor costs of $33,500, and overhead costs of $55,000. units started into production this month were 13,000 units. ending work in process is 5,000 units.
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