Prepare a cost of production report for the Cutting Department of Oriental Carpet Company for May 2012.
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Prepare a cost of production report for the Cutting Department of Oriental Carpet Company for May 2012. Use the weighted average cost method with the followingdata:
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Work in process, May 1, 8,000 units, 75% completed Materials added during May from Weaving Department, $ 75,000 105,000 units Direct labor for May Factory overhead for May Total production costs to account for Goods finished during May (includes goods in process, $807,750 275,200 100,850 1,183,800 $1,258,800 May 1), 104,000 units Work in process, May 31, 9,000 units, 10% completed
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2 3 B ORIENTAL CARPET COMPANY Cost of Production ReportCutting Department For the Month Ended May 31 ...View the full answer
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