ment CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 16-13 NEXT he Welding

Question

ment CALCULATOR FULL SCREEN PRINTER VERSION BACK Exercise 16-13 NEXT he Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are add beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process Units transferred out 15,000 units, 1/10 complete 54,600 50,900 11,300 units, 1/5 complete Materials $18,000 Conversion costs Materials Labor Overhead 14,360 $32,360 Units started 200,129 67,500 84,171 Ending work in process Prepare a production cost report for the Welding Department for the month of February. (Round unit answers to O decimal places, e.g. 1,225.) costs to 2 decimal places, e.g. 2.25 and all other HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2017 Equivalent Units Physical Units Conversion Costs Materials Quantities Units to be accounted for Work in process, February 1 Started into production Version 4.24.9.3 Wiley & Sons, Inc, All Rights Reserved. A Division of John 11:28 acy Policy I

Explanation / Answer

Production cost report :

Whole unit Material Conversion Units to be accounted for Beginning work in process 15000 Unit started 50900 Total unit 65900 Units accounted for Units transferred out 54600 54600 54600 Ending work in process 11300 11300 11300/5 = 2260 Total units 65900 65900 56860 Costs Material Conversion Total Unit cost Total cost 218129 166031 384160 Equivalent unit 65900 56860 Unit cost 3.31 2.92 6.23 Cost to be accounted for Work in process, feb 1 32360 Started into production 351800 Total cost 384160 Cost reconciliation schedule Transferred out 340158 Work in proces, feb 28 Material 37403 Conversion costs 6599 44002 Total costss 384160

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