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Exercise

The Welding Department of Thorpe Company has the following production and manufacturing cost data for February 2014. All materials are added at the beginning of the process.

Manufacturing Costs Production Data
Beginning work in process Beginning work in process 15,080  units, 1/10 complete
    Materials $18,130 Units transferred out 49,140
    Conversion costs 14,320 $32,450 Units started 45,530
Materials 212,188 Ending work in process 11,470  units, 1/5 complete
Labor 52,260
Overhead 51,718

Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.)

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