The Welding Department of Batista Manufacturing Company has the following produc
ID: 2460413 • Letter: T
Question
The Welding Department of Batista Manufacturing Company has the following production and manufacturing cost data for February 2012. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,000 units Materials $18,000 1/10 complete Conversion costs 14,175 $32,175 Units transferred out 49,000 Materials 180,000 Units started 60,000 Labor 32,780 Ending work in process 26,000 units Overhead 61,445 1/5 complete Instructions Complete the production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 125.) BATISTA MANUFACTURING COMPANY Welding Department Production Cost Report For the Month of February 28, 2012 Equivalent Units Quantities Physical Units Materials Conversion Costs Units to be accounted for Work in process, February 1 Started into production Total units Units accounted for Transferred out Work in process, February 28 Total units Costs Materials Conversion Costs Total Unit costs Costs in February $ $ $ Equivalent units Unit costs $ $ $ Cost 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 28 Materials $ Conversion costs Total costs $
Explanation / Answer
Solution :
BATISTA MANUFACTURING COMPANY
Welding Department
Production Cost Report
For the Month of February 28, 2012
Quantities
Equivalent Units
Units to be accounted for
Physical Units
Materials
Conversion Costs
Work in process, February 1
15000
Started into production
60000
Total units
75000
Units accounted for
Transferred out
49000
49000
49000
Work in process, February 28
26000
26000
5200
(26000*1/5)
Total units
75000
75000
54200
Costs
Materials
Conversion Costs
Total
Unit costs
Costs in February
198,000
46,955
244,955
(18000+180000)
(14175+32780)
Equivalent units
75,000
54,200
129,200
Unit costs
2.64
0.87
3.51
Cost to be accounted for
Work in process, February 1
(18000+14175)
32,175
Started into production
(180000+32780)
212,780
Total costs
244,955
Cost Reconciliation Schedule
Costs accounted for
Transferred out (49000*3.51)
171,810
Work in process, February 28
Materials (26000*2.64)
68,640
Conversion costs (5200*0.87)
4,505
73,145
Total costs
244,955
BATISTA MANUFACTURING COMPANY
Welding Department
Production Cost Report
For the Month of February 28, 2012
Quantities
Equivalent Units
Units to be accounted for
Physical Units
Materials
Conversion Costs
Work in process, February 1
15000
Started into production
60000
Total units
75000
Units accounted for
Transferred out
49000
49000
49000
Work in process, February 28
26000
26000
5200
(26000*1/5)
Total units
75000
75000
54200
Costs
Materials
Conversion Costs
Total
Unit costs
Costs in February
198,000
46,955
244,955
(18000+180000)
(14175+32780)
Equivalent units
75,000
54,200
129,200
Unit costs
2.64
0.87
3.51
Cost to be accounted for
Work in process, February 1
(18000+14175)
32,175
Started into production
(180000+32780)
212,780
Total costs
244,955
Cost Reconciliation Schedule
Costs accounted for
Transferred out (49000*3.51)
171,810
Work in process, February 28
Materials (26000*2.64)
68,640
Conversion costs (5200*0.87)
4,505
73,145
Total costs
244,955
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