The inventory at April 1, 2020, and the costs charged to Work in Process--Department B during April
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Question:
The inventory at April 1, 2020, and the costs charged to Work in Process--Department B during April for Worldwide Company are as follows:
1,200 units, 40% completed | $ 47,800 |
From Department A, 26,000 units | 845,000 |
Direct labor | 312,000 |
Factory overhead | 176,770 |
During April, all direct materials are transferred from Department A. In Department B, the units in process at April 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs. Inventories are costed by the first-in, first-out method.
Required:
Prepare a cost of production report for Department B for the month April 2020.
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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