Everett Company's inventory at December 31 and the costs charged to Work in Process-Department B during December are as follows: 500 units, 60 % completed 3 , 460 From Department A, 10 , 000 units 36 , 300 Direct labor 7 , 960 Factory overhead 12 , 500 \begin{array}{lr}500 ext { units, } 60 \% ext { completed } & 3,460 \ ext { From Department A, } 10,000 ext { units } & 36,300 \ ext { Direct labor } & 7,960 \ ext { Factory overhead } & 12,500\end{array} 500 units, 60% completed From Department A, 10 , 000 units Direct labor Factory overhead 3 , 460 36 , 300 7 , 960 12 , 500 During December, all direct materials are transferred from Department A, and the units in process at December 1 were completed. Of the 10,000 units entering the department, all were completed except 1,200 units that were 25% completed as to conversion costs. Inventories are costed by the first-in, first-out method.Prepare a cost of production report for December.

Question

Everett Company's inventory at December 31 and the costs charged to Work in Process-Department B during December are as follows:​   500  units,  60 %  completed  3 , 460  From Department A,  10 , 000  units  36 , 300  Direct labor  7 , 960  Factory overhead  12 , 500 \begin{array}{lr}500 	ext { units, } 60 \% 	ext { completed }  &  3,460 \	ext { From Department A, } 10,000 	ext { units }  &  36,300 \	ext { Direct labor }  &  7,960 \	ext { Factory overhead }  &  12,500\end{array} 500  units,  60%  completed   From Department A,  10 , 000  units   Direct labor   Factory overhead  ​ 3 , 460 36 , 300 7 , 960 12 , 500 ​   During December, all direct materials are transferred from Department A, and the units in process at December 1 were completed. Of the 10,000 units entering the department, all were completed except 1,200 units that were 25% completed as to conversion costs. Inventories are costed by the first-in, first-out method.Prepare a cost of production report for December.

katrina saman · Accepted Answer

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