Solution-Prepare a cost of production report for cutting

Prepare a cost of production report for cutting department

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Reference no: EM133110707

Question - The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process.

Work in process, January 1, 13,600 units, 55% completed		$183,328*
*Direct materials (13,600 × $10.4)	$141,440
Conversion (13,600 × 55% × $5.6)	41,888
	$183,328
Materials added during January from Weaving Department, 209,600 units		$2,200,800
Direct labor for January		530,339
Factory overhead for January		648,193
Goods finished during January (includes goods in process, January 1), 212,000 units		-
Work in process, January 31, 11,200 units, 20% completed		-

Required -

a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places.

b. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (December). If required, round your answers to two decimal places.

Reference no: EM133110707

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Prepare a cost of production report for cutting department

Reference no: EM133110707

Reference no: EM133110707

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