80.2K

Verified Solution

Link Copied!

The Welding Department of Sunland Company has the following production and manufacturing cost data for February 2022. All materials are added at the beginning of the process.

Manufacturing Costs						Production Data
Beginning work in process						Beginning work in process		15,200	units
Materials		$ 18,500				Units completed and transferred out		55,100
Conversion costs		14,160		$ 32,660		Units started in production		50,800
Costs added during the month						Ending work in process		10,900
Direct materials				229,000
Direct labor				67,600
Manufacturing overhead				38,528
				$ 367,788

Beginning work in process and ending work in process were 10% and 20% complete with respect to conversion costs, respectively. 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.)

SUNLAND COMPANY Welding Department Production Cost Report choose the accounting period February 28 , 2022For the Year Ended February 28 , 2022For the Month Ended February 28 , 2022
				Equivalent Units
Quantities		Physical Units		Materials		Conversion Costs
Units to be accounted for
Work in process, February 1		enter a number of units
Started into production		enter a number of units
Total units		enter a total number of units
Units accounted for
Completed and transferred out		enter a number of units		enter a number of units		enter a number of units
Work in process, February 28		enter a number of units		enter a number of units		enter a number of units
Total units		enter a total number of units		enter a total number of units		enter a total number of units
Costs				Materials		Conversion Costs		Total
Unit costs
Total Costs				$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount
Equivalent units				enter a dollar amount		enter a dollar amount
Unit costs				$ enter a dollar amount rounded to 2 decimal places		$ enter a dollar amount rounded to 2 decimal places		$ enter a dollar amount rounded to 2 decimal places
Costs to be accounted for
Work in process, February 1								$ enter a dollar amount
Started into production								enter a dollar amount
Total costs								$ enter a total amount
Cost Reconciliation Schedule
Costs accounted for
Completed and transferred out								$ enter a dollar amount
Work in process, February 28
Materials						$ enter a dollar amount
Conversion costs						enter a dollar amount		enter a subtotal of the two previous amounts
Total costs								$ enter a total amount

eTextbook and Media

Answer & Explanation Solved by verified expert

See Answer