The Welding Department of Majestic Company has the following production and manufacturing cost data for February 2014. All materials are added at the beginning of the process. Majestic uses the FIFO method to compute equivalent units.

Instructions
Prepare a production cost report for the Welding Department for the month of February. Transferred-in costs are considered materialscosts.

Transcribed Image Text:

Manufacturing Costs Production Data Beginning work in process 32,175 Beginning work in process 15,000 units, Costs transferred in Materials Labor Overhead 135,000 57000 Units transferred out 35,100 Units transferred in 68,400 Ending work in process 10% complete 54,000 64,000 25,000, 20% complete