Carla Vista Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials...
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Carla Vista Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows: Production Data-Basketballs Work in process inventory units. July 1 Units started into production Work in process inventory units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Costs added during July Direct materials Direct labour Manufacturing overhead Units 490 1.140 500 $790 500 Percent Complete 60% 30% $1,290 2,796 1.550 2.174 Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 2 decimal places, e.g. 15.25.) Carla Vista Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows: Production Data-Basketballs Work in process inventory units. July 1 Units started into production Work in process inventory units, July 31 Cost Data-Basketballs Work in process, July 1 Materials Conversion costs Costs added during July Direct materials Direct labour Manufacturing overhead Units 490 1.140 500 $790 500 Percent Complete 60% 30% $1,290 2,796 1.550 2.174 Prepare a production cost report for the month of July for the basketballs. (Round unit costs to 2 decimal places, e.g. 15.25.)
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Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Posted Date:
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