Cost of production summary, one department; beginning work in process (similar to Self-S...

Cost of production summary, one department; beginning work in process (similar to Self-Study Problem 1)

Erin Co. uses the process cost system. The following data, taken from the organization’s books, reflect the results of manufacturing operations during October:

Required:

Prepare a cost of production summary for October.

Reference:

Cost of Production Summary, One Department; Beginning Work in Process

Loren Inc.

Loren Inc. uses the process cost system. The following data, taken from the organization’s books, reflect the results of manufacturing operations during June in its only department, Machining:

Production Costs

Required:

Prepare a cost of production summary for June.