The Welding Department of Castro Manufacturing Company has the following production and manufacturing cost data for February 2012. All materials are added at the beginning of the process.
|
Manufacturing Costs |
Production Data |
|||
|
Beginning work in process |
Beginning work in process |
15,000 units |
||
|
Materials |
$18,000 |
1/10 complete |
||
|
Conversion costs |
14,175 |
$32,175 |
Units transferred out |
49,000 |
|
Materials |
180,000 |
Units started |
60,000 |
|
|
Labor |
32,780 |
Ending work in process |
26,000 units |
|
|
Overhead |
61,445 |
1/5 complete |
||
Instructions
Prepare a production cost report for the Welding Department for the month of February.