Exercise
The Welding Department of Thorpe Company has the following production and manufacturing cost data for February 2014. All materials are added at the beginning of the process.
| Manufacturing Costs |
Production Data |
| Beginning work in process |
Beginning work in process |
15,080 |
units, 1/10 complete |
| Materials |
$18,130 |
Units transferred out |
49,140 |
| Conversion costs |
14,320 |
$32,450 |
Units started |
45,530 |
| Materials |
212,188 |
Ending work in process |
11,470 |
units, 1/5 complete |
| Labor |
52,260 |
| Overhead |
51,718 |
Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.)