Question - The Welding Department of Kraiss Manufacturing Company has the following production and manufacturing cost data for February 2011. All materials are added at the beginning of the process.
Manufacturing Costs:
Beginning work in process
Materials = $18,000
Conversion costs = 14,175 =$32,175
Materials =180,000
Labor =32,780
Overhead =61,445.
Production Data:
Beginning work in process =15,000 units
1/10 complete
Units Transferred out=49,000
Units started=60,000
Ending work in process=26,000
1/5 complete.
Instructions: Prepare a production cost report for the Welding Depatment for the month of February.