The Muller Company reports the following physical units for its Polishing Department for the month ended July 31, 2013.
|
Units to be accounted for |
Physical Units |
|
Work in process, Jury 1 |
1,000 |
|
Transferred in |
11,000 |
|
Total units |
12,000 |
|
Units accounted for |
|
|
Completed and transferred out |
10,500 |
|
Work in process, July 31 (30% complete) |
1,500 |
|
Total units |
12,000 |
Work in process July 1 was $3,000 for direct materials and $1,920 for conversion costs. Costs incurred in July were: materials $59,400, labor $23,520, and overhead $9,600. The percentage complete refers to conversion costs. Materials and transferred in units are added at the beginning of the process.
Instructions
Prepare the production cost report