Preparing austin department a cost of production report

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Reference no: EM132515070

Austin Co. manufactures a product called Aster in a three-process series. All materials are introduced at the beginning of the first process. Austin uses the first-in, first-out method of inventory costing.

Unit and cost data for the first process (Department A) for the month of December follow:

                                                    Units                        Completion                                  Cost

Work in process inventory:

December 1                             12,000                         60%                        $140,400

December 31                           5,000                            40%             ?

Started in December:                14,000

Direct materials cost                                                                                     106,400

Conversion cost                                                                                        70,310

Completed in December                      21,000                                                  ?

Question1 : Preparing Austin's Department A cost of production report for December.

Question2 : If required, round your cost per equivalent unit amounts to two decimal places. Round all other amounts to the nearest dollar. If an amount value is zero enter "0" as answer.

Reference no: EM132515070

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