Ull-do-grate Company manufactures a product through a continuous
Ull-do-grate 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 February 2012 are given below.,
In process, beginning of month (20% converted) 1,000 units ,
Started during February 5,000 units,
Completed and transferred out 4,500 units ,
In process, end of month (60% converted) 1,500 units,
Work in process, beginning of month $ 14,730,
Materials $ 45,000,
Direct labor costs $102,960,
Factory overhead costs $ 51,480,
Prepare a cost of production report for February 2012 using FIFO process costing.,
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