Reference no: EM132713597
The welding department of Balogh Manufacturing Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process.
Manufacturing Costs Production Data
Beginning work in process Beginning work in process 16,000 units
Materials $17,820 1/10 complete
Conversion costs 14,440 $32,260 Units transferred out 49,100
Materials 194,280 Units started 44,600
Labour 52,960 Ending work in process 11,500 units
Overhead 58,530 1/5 complete
Problem 1: Prepare a production cost report for the welding department for the month of February. (Round unit costs to 2 decimal places, e.g. 15.25)