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Required Prepare a cost of production report for current month. Use FIFO process costing

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2. Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows.;Production Data Units;In process, beginning of month (20% converted);2,000;Started during current month;8,000;Completed and transferred to finished goods;5,500;In process, end of month (60% converted);4,500;Manufacturing Costs;Work in process, beginning $21,450;Materials $54,000;Direct labor cost $105,000;Factory overhead cost $36,180;Required Prepare a cost of production report for current month. Use FIFO process costing.

 

Paper#20766 | Written in 18-Jul-2015

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