Tokyo Manufacturing Company produces a product in two manufacturing departments, Molding and Finishing. The product is molded out of plastic in the Molding Department and then transferred to the Finishing Department, where parts are added to the molded plastic unit. Because only one product is manufactured by the company, a process cost system is used with an average cost flow assumption.
Data related to August operations in the Molding Department are:

During the period, 9,200 units were transferred from the Molding Department to the Finishing Department. The Molding Department had 1,000 units still in process at the end of July; they were 100% complete as to materials and 40% complete as to conversion cost. The Molding Department had 800 units still in process at the end of August; they were 75% complete as to materials and 25% complete as to conversion cost.
Required:
Prepare an August cost of production report for the Molding Department.

Transcribed Image Text:

Beginning Added Inventory This Period osts charged to the department: Materials Direct labor... Factory overhead.au. $4,120 522 961 $39,980 12,638 18,779