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ACC - The Spangle Company




Question;The Spangle Company uses the process cost system and average costing. The following prediction data are for the month of July:Production CostsWork in process, beginning of monthMaterials $2,500Labor $1,200Factory Overhead $1,100 $4800Costs incurred during the monthMaterials $13,500Labor 9,200Factory overhead 8,500 $31,200$36,000Production Report Units UNITSIn process, beginning of month 500Finished and transferred during the month 3,800Work in process, end of month 400Stage of completion 50%Prepare a cost of production summary for the month.


Paper#40610 | Written in 18-Jul-2015

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