Question - Information for the Sandy Manufacturing Company for the month of July 2006 is as follows:
Beginning work in process: Cost of Inventory at process, July 1 $5,010
Units - 800
Direct materials = 100% complete
Conversion costs = 70% complete
Units started in July = 14,000 Costs charged to Work in Process during July:
Ending work in process inventory: Direct materials costs = $57,400
Units = 1,500 Direct labor costs = 20,049
Direct materials = 100% complete Factory overhead costs = 30,073
Conversion costs = 30% complete
Prepare a cost of production report for the month of July.