Business, 03.03.2020 02:22 legazzz

The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,300 units, 1/10 complete Materials $18,000 Units transferred out 54,900 Conversion costs 14,760 $32,760 Units started 50,600 Materials 215,945 Ending work in process 11,000 units, 1/5 complete Labor 67,500 Overhead 83,330 Prepare a production cost report for the Welding Department for the month of February.

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Answer from: Ganggang62

Solution:

MANUFACTURING COMPANY

Welding Department

Production Cost Report

For the Month Ended February 28, 2020

Equivalent Units

Quantities Physical Materials Conversion

Units Costs

Units to be accounted for

Work in process, February 1 15,300

Started into production 50,600

Total units 65,900

Units accounted for

Transferred out 54,900 54,900 54,900

Work in process, February 28 11000 11000 2200

Total units 65,900 65,900 65,900

Costs Materials Conversion Costs Total

Unit costs

Total Costs $233945 $128000 $326000

Equivalent units 60000 51200

Unit costs $3.3 $2.5 $5.8

Costs to be accounted for

Work in process, February 1 $32,175

Started into production 293825

Total costs $326000

Cost Reconciliation Schedule

Costs accounted for Transferred out $284200

Work in process, February 28

Materials $36300

Conversion costs 5500 41800

Total costs $326000

Answer from: Quest

answer; ///global;

Answer from: Quest

answerboth the short run phillips curve and the aggregate demand and aggregate supply model

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The Welding Department of Healthy Company has the following production and manufacturing cost data f...