Production Cost report
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Manufacturing Costs
Beginning work in progress
Materials $18,000
Conversion Costs $14,175
Materials $180,000
Labor $32,780
Overhead $61,445
Production Costs
Beginning work in progress 15,000 units
1/10 complete
Units transferred out 49,000
Units started 60,000
Ending work in process 26,000
1/5 complete
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The solution explains how to prepare a production cost report
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Production Cost Report
Weighted Average Method
Quantity Schedule
Quantities Physical Units Equivalent Units
Material Conversion
Units to be accounted for
Work in Process, Beginning 15,000
Started into Production 60,000
Total Units 75,000
Units ...
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