The Cutting Department of Tangu Carpet Company provides the following data for December 2016. Assume that all
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Question:
The Cutting Department of Tangu Carpet Company provides the following data for December 2016. Assume that all materials are added at the beginning of the process.
Work in process, December 1, 7,800 units, 60% completed | $105,612* | |
*Direct materials (7,800 × $10.6) | $82,680 | |
Conversion (7,800 × 60% × $4.9) | 22,932 | |
$105,612 | ||
Materials added during December from Weaving Department, 120,000 units | $1,284,000 | |
Direct labor for December | 258,336 | |
Factory overhead for December | 315,744 | |
Goods finished during December (includes goods in process, December 1), 143,200 units | — | |
Work in process, December 31, 7,600 units, 45% completed | —
|
Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places.
Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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