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Prepare a cost of production report for the Cutting Department of Tanner Carpet Company for December 2012. Use the average cost method with the following data:

Work in process, December 1, 4,500 units, 75% completed $40000

Materials added during December from Weaving Department, 85,000 units 699300

Direct labor for December 169410

Factory overhead for December 98,330 98330

Goods finished during December (Includes goods in process, December 1)83,300 Units _

Work in process, December 31, 6200 units, 10% completed _

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Category:- Accounting Basics
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