Question
The sanding department of Wildhorse Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production:
The sanding department of Wildhorse Furniture Company has the following production and manufacturing cost data for March 2022, the first month of operation. Production: 10,750 units completed and transferred out; 3,800 units in ending work in process are 100% complete in terms of materials and 25% complete in terms of conversion costs. Manufacturing costs: materials $48,015; labour $41,350; overhead $33,530. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 15.25.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To prepare the production cost report we need to calculate the equivalent units of production for materials and conversion costs as well as the unit c...
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
