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.
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