Exercise 1713 The Welding Department of Healthy Company has

Exercise 17-13 The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process Manufacturing Costs Production Data Beginning work in process Beginning work in process Units transferred out 15,200 units, 1/10 complete 54,800 51,500 11,900 units, 1/5 complete Materialss $17,800 14,760 $32,560 Units started Conversion costs Materials Labor Overhead 246,999 67,300 75,185 Ending work in process Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to O decimal places, e.g. 1,225.) decimal placeat e wan h

Solution

Production cost report :

		Equivalent unit
	Physical unit	Material	Conversion
Units to be accounted for
Beginning work in process	15200
Units started	51500
Total units to be accounted for	66700
Units accounted for
Transferred out	54800	54800	54800
Ending work in process	11900	11900	2380
Total Units	66700	66700	57180
Costs		Material	Conversion	Total
Total cost		264799	157245	422044
Equivalent unit		66700	57180
Unit cost		3.97	2.75	6.72
Cost to be accounted for
Work in process, Feb 1				32560
Started into production				389484
Total costs				422044
Cost reconciliation schedule
Cost accounted for
Transferred out				368256
Work in process, feb 28
Materials			47243
Conversion cost			6545	53788
Total costs				422044