Prepare a cost of production report for the Cutting Department of Tanner Carpet Company ...
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Accounting
Prepare a cost of production report for the Cutting Department of Tanner Carpet Company
for December 2012. Use the average cost method with the following data:
Work in process, December 1, 4,500 units, 75% completed $40000
Materials added during December from Weaving Department, 85,000 units 699300
Direct labor for December 169410
Factory overhead for December 98,330 98330
Goods finished during December (Includes goods in process, December 1)83,300 Units _
Work in process, December 31, 6200 units, 10% completed _
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