Solution-Prepare a production cost report for the month of

Prepare a production cost report for the month of august

Reference no: EM131785223

Question - Production Cost Report

Aussie Yarn Co. is a U.S. producer of woolen yarn made from wool imported from Australia. Raw wool is processed, spun, and finished before being shipped out to knitting and weaving companies. Material is added in the beginning of processing, and conversion costs are added evenly throughout processing.

Aussie began the month of August with 6,200 units in process that were 100 percent complete as to materials and 70 percent complete as to labor and overhead. It started 31,600 units into production during the month of August of which 5,500 remained in ending Work in Process inventory and were 50 percent complete as to conversion costs. The cost data are as follows:

Beginning Work in Process:
Direct materials	$5,500
Direct labor	1,360
Manufacturing overhead	2,270

Costs added during August:
Direct materials	$30,788
Direct labor	15,114
Manufacturing overhead	17,709

Prepare a production cost report for the month of August.

Reference no: EM131785223

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Prepare a production cost report for the month of august

Reference no: EM131785223

Reference no: EM131785223

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