Question
PRINTER VERSION (BACK ΝEXΤΣ Question 2 The welding department of Balogh Manufacturing Company has the following...
PRINTER VERSION (BACK ΝEXΤΣ Question 2 The welding department of Balogh Manufacturing 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 16,000 units 1/10 complete $17,820 Materials Conversion costs $32,260 Units transferred out 49,100 14,440 Units started Materials 194,280 44,600 Labour Ending work in process 52,960 11,500 units Overhead 58,530 1/5 complete Prepare a production cost report for the welding department for the month of February. (Round unit costs to 2 decimal places, e.g. 15.25.)
Prepare a production cost report for the welding department for the month of February. (Round unit costs to 2 decimal places, e.g. 15.25.) BALOGH MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 29, 2020 Equivalent Units Physical Units Conversion Quantities Materials Costs Total Units to be accounted for Work in process, February 1 16000 Started into production 44600 Total units 60600 Talking to Survivors of the MS St. tabletmag.com/./what-weve-lear Units accounted for Transferred out 49100
Work in process, February 29 11500 Total units 60600 Costs Unit costs Costs in February %24 Equivalent units Unit costs Costs to be accounted for Work in process, February 1 Started into production Total costs
Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, February 29 Materials Conversion costs Total costs LINK TO TEXT LINK TO TEXT
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Balogh manufacturing company Welding department Production cost report for the month ended February 29,2020
Quantities Physical units Materials Conversion costs Units to be accounted for Work in progress, February 1 16,000 Started into production 44,600 Total units 60,600 Units accounted for Transferred out 49,100 49,100 49,100 Work in progress February 29 11,500 11,500 2,300 Total units 60,600 60,600 51,400
Costs Materials Conversion costs Total Unit costs Costs in February $212,100 $125,930 $338,030 Equivalent units 60,600 51,400 - Unit costs $3.5 $2.45 5.95 Cost to be accounted for Work in progress February 1 $32,260 Started into production $305,770 Total costs $338,030
Cost reconciliation schedule Cost accounted for Transferred out(49,100×5.95) $292,145 Work in progress, February 29 Materials(11,500×3.5) $40,250 Conversion costs(2,300×2.45) $5,635 Total costs $338,030 ____×____
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