Question

please complete "Cost" & "cost reconsiliation schedule"

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 Beginning work in process Materials $18,100 Conversion costs 14,760 Materials Labor Overhead Production Data Beginning work in process 15,200 units, 1/10 complete Units transferred out 54,700 Units started 51,000 Ending work in process 11,500 units, 1/5 complete $32,860 220,220 67,500 88,740 Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, es. 2.25 and all other answers to decimal places, s. 1.225) HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Equivalent Units Conversion Materials Costs Physical Units Quantities Units to be accounted for Work in process February 1 Started into 15200 56000 MacBook 20 # A $ 4 3 % 5 & 7 6 8 9 E R. T Y Y U

Answer 1

Answer :-

Healthy manufacturing company
Welding Department
Production Cost Report
For the month ending Feb 28,2020
Quantities		Equivalent units
Units to be accounted for	Physical Units	Materials	Conversion cost
WIP Feb 1.	$15,200	$15,200	$ 1,520
Units started	$51,000
Total Units	$66,200
Units Accounted for
Transferred Out	$54,700	$54,700	$54,700
WIP Feb 28	$11,500	$11,500	$2,300
Total units	$66,200	$66,200	$57,000
Unit Costs
Costs	Materials	Conversion cost	Total
Total Cost	$238,320	$171,000	$409,320
Equivalent Units	$66,200	$57,000
Unit Costs	3.60	3.00	6.60
Cost to be accounted for
WIP			$32,860
Started into production(220,220+67,500+88,740)			$376,460
Total Cost			$409,320
Cost Reconciliation
Transferred Out			$361,020
WIP Feb 28.
Materials(11,500*3.60)	$41,400
Conversion(2,300*3.00)	$6,900
Total Costs			$48,300
Total Costs			$409,320