Question

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 15,200 units, 1/10 complete 55,100 Materials Conversion costs 50,900 Beginning work in process $18,300 Units transferred out 15,160 $33,460 Units started 224,948 Ending work in process 67,100 50,103 Materials 11,000 units, 1/5 complete Labor Overhead

Answer 1

Costs	Material	Conversion costs	Total
Unit costs
Total costs	$243,248	$132,363	$375,611
Equivalent units	57,300	57,300
Unit costs	$4.245	$2.31	$6.555
Costs to be accounted for
Work in process February 1			$33,460
Started into production			$342,151
Total costs			$375,611

Cost reconciliation schedule
Costs accounted for
Transferred out		$361,190
Work in process, February 28
Materials	$9,339
Conversion costs	$5,082	$14,421
Total costs		$375,611