Production Data June
Beginning WIP units 0
Units Started into Production 22,000
Ending WIP 2,000
Percent Complete- ending inventory 40%
Cost Data
Materials 198,000
Labor 53,600
Overhead 112,800
Total 364,400
a) Prepare a schedule showing physical units of production
b) Determine the equivalent units of production for materials and conversion costs
c) Compute the unit costs of production
d) Determine the costs to be assigned to the units transferred and in process for june
e) Prepare a production cost report for the molding department for the month of June