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Problem - The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process.
Manufacturing Costs
Production Data
Beginning work in process
15,300 units, 1/10 complete
Materials
$17,500
Units transferred out
54,500
Conversion costs
14,160
$31,660
Units started
50,800
227,731
Ending work in process
11,600 units, 1/5 complete
Labor
67,200
Overhead
80,577
Required - Prepare a production cost report for the Welding Department for the month of February.
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