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Production Costs
Work in process, beginning of period:
Materials $5,200
Labor 4,600
Factory overhead 2,000 $11,800
Costs incurred during month:
Materials $20,000
Labor 15,000
Factory overhead 12,000 47,000
Total $58,800
Production Report
Finished and transferred to stockroom during month 18,000
Work in process, end of period, 2/3 completed 3,000
Required:
Question 1: Prepare cost of production summary for March.
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