OutFlow, Inc., manufactures a single type of garden cart. The monthly production report for July 2019 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:
OutFlow, Inc. Monthly Production Report for July 2019 Completion Department Molding Department Assembly Department Quantitles Started in production–current month 5,000 -0- -0- Transferred in from prior department -0- 4,000 3,100 Transferred out to next department 4,000 3,100 -0- Transferred out to finished goods -0- --0- 2,600 1,000 Work in process-ending 900 500 Stage of Completion–Ending Work In Process 100% Materials 100% 100% Labor 80 80 90 Overhead 80 80 90
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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