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Prepare a cost of production report for current month

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Reference no: EM132001242

Question - Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows.

Production Data Units

In process, beginning of month (20% converted) 2,000

Started during current month 8,000

Completed and transferred to finished goods 5,500

In process, end of month (60% converted) 4,500

Manufacturing Costs

Work in process, beginning $21,450

Materials $54,000

Direct labor cost $105,000

Factory overhead cost $36,180

Required - Prepare a cost of production report for current month. Use FIFO process costing.

Reference no: EM132001242

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