Discuss a production cost report for the month, Accounting Basics

Discuss a production cost report for the month

The Assembly Department of Colson, Inc. has the following production and cost data at the end of May, 2012.
Production: 30,000 units started into production; 25,000 units transferred out and 5,000 units 100% completed as to materials and 40% completed as to conversion costs.

Manufacturing Costs: Materials added at beginning of process, $90,000; labor, $75,000; overhead $60,000.

Instructions
Prepare a production cost report for the month of May.

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Accounting Basics: Discuss a production cost report for the month

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Accounting Basics: Discuss a production cost report for the month

Reference No:- TGS0710055

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Discuss a production cost report for the month

Reference No:- TGS0710055

Recent Questions Asked Accounting Basics

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