FIFO process costing cost of production report worksheet
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Design a production report excel worksheet using FIFO process costing.
Quantities:
Beginning Inventory (80% complete) - 15,000 units
Started during June - 110,000 units
Transfered to Finished Goods - 118,000 units
Ending Inventory (30% complete) - 7,000 units
Beginning Inventory Costs:
Materials - $23,175
Direct Labor - 2,124
Factory Overhead - 6,389
June's production cost:
Materials - $171,600
Direct Labor - 32,800
Factory overhead - 60,000
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FIFO process costing cost of production report worksheet
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