Solution-What the cost of production report for the month

What the cost of production report for the month of march

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Reference no: EM132561409

Master Paint uses process costing. The quantity schedule of mixing department for March 2020 shows that 5,000 units were in opening WIP with completion of 50% with respect to material, 30% labor and 30% MOH.

The cost of opening WIP is as follows:

Materials $150,000

Labor 100,000

Manufacturing overheads (MOH) 50,000

25,000 units were started during the month of March; 20,000 units were transferred to next department; and 10,000 units were in process at the end of March which conversion cost.

Following Costs is added during the month of March:

Materials $400,000

Labor 300,000

Manufacturing overheads (MOH) 200,000

Requirement:

Question 1: The cost of production report for the month of March 2020

Reference no: EM132561409

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What the cost of production report for the month of march

Reference no: EM132561409

Reference no: EM132561409

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