Question

- 14-17)_BAICK_ Question 13 of 25 < > -/5 View Policies Current Attempt in Progress The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,000 units, 1/10 complete Materials $18,100 Units transferred out 55,400 Conversion costs 14,260 $32,360 Units started 51,100 Materials 229,775 Ending work in process 10,700 units, 1/5 complete Labor 67,800 Overhead 41.651 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.) HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 i E hp)

Answer 1

Units to be
accounted for
Work in
Process
February 1	15,000
Started into
Production	51,100
Total Units	66,100
Units accounted for
Transferred out	55,400	55,400	55,400
Work in
Process
February 28	10,700	10,700	2,140
Total units	66,100	66,100	57,540
		Conversion
Costs	Materials	Costs	Total
Unit costs
Total Costs $	247,875	123,711	371,586
/ Equivalent Units	66,100	57,540
Unit Costs $	3.75	2.15	5.90
Costs to be
accounted for
Work in
Process
February 1			32,360
Started into
Production			339,226
Total Costs$			371,586
Cost Reconciliation
Schedule
Cost accounted for
Transferred out			326,860	=55400*3.75+55400*2.15
Work in
Process
February 28
Materials	=10700*3.75	40,125
Conversion Costs	=2140*2.15	4,601	44,726
Total Costs			371,586