Problem - The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process.
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Manufacturing Costs
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Production Data
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Beginning work in process
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Beginning work in process
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15,300 units, 1/10 complete
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Materials
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$17,500
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Units transferred out
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54,500
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Conversion costs
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14,160
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$31,660
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Units started
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50,800
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Materials
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227,731
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Ending work in process
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11,600 units, 1/5 complete
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Labor
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67,200
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Overhead
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80,577
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Required - Prepare a production cost report for the Welding Department for the month of February.