RedTek, Inc., manufactures a single type of garden cart. The monthly production report for May 20X1 follows:
Question:
RedTek, Inc., manufactures a single type of garden cart. The monthly production report for May 20X1 follows:
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 for the month?
Transcribed Image Text:
RedTek, Inc. Monthly Production Report for May 20X1 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-Ending Work In Process Materials Labor Overhead Molding Assembly Department Department 10,000 -0- 8,000 -0- 2,000 100% 80 80 8,000 7,100 -0- 900 100% 80 80 Completion Department -0- 7,100 -0- 6,600 500 100% 90 90
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Related Book For
College Accounting Chapters 1-30
ISBN: 9781260247909
16th Edition
Authors: David Haddock, John Price, Michael Farina
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