This is a continuation of the comprehensive problem in Chapter 11. During 2012, Anywhere, Inc. (AI), incurred
Question:
Inc. (AI), incurred the following product costs.
Recall that the 2011 ending balance in the Work in Process (WIP) account was $26,000. Accordingly, this is the beginning WIP balance for 2012. There were 110 units of product in beginning WIP inventory. AI started 1,840 units of product during 2012. Ending WIP inventory consisted of 90 units that were 60 percent complete.
Required
Prepare a cost of production report by filling in the cells that contain question marks.
Transcribed Image Text:
Raw materials Labor Overhead $62,000 89,422 58,000
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Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
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