Seagren industries inc manufactures in separate processes

Reference no: EM13581791

Seagren Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows.

	Cutting Department
Production Data-July	Plant 1 T12-Tables	Plant 2 C10-Chairs
Work in process units, July 1	0	0
Units started into production	21,090	17,760
Work in process units, July 31	3,330	555
Work in process percent complete	60	80

Cost Data-July
Work in process, July 1	$0	$0
Materials	421,800	319,680
Labor	259,962	122,100
Overhead	115,440	107,337
Total	$797,202	$549,117

Prepare the production cost report for Plant 1 for July 2014.

SEAGREN INDUSTRIES INC. Cutting Department-Plant 1 Production Cost Report For the Month Ended July 31, 2014
		Equivalent Units
Quantities	Physical Units	Materials	Conversion Costs
Units to be accounted for
Work in process, July 1
Started into production
Total units

Units accounted for
Transferred out
Work in process, July 31
Total units

Costs		Materials	Conversion Costs	Total
Unit costs
Total Costs		$	$	$
Equivalent units
Unit costs		$	$	$

Costs to be accounted for
Work in process, July 1				$
Started into production
Total costs				$

Cost Reconciliation Schedule
Costs accounted for
Transferred out				$
Work in process, July 31
Materials			$
Conversion costs
Total costs				$

Reference no: EM13581791

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