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Cost of production report: average cost method Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January 2016. Use the average cost method with the following data: Work in process, January 1, 3,400 units, 75% completed $ 23,000 Materials added during January from Weaving Department, 64,000 units 366.200 Direct labor for January 105, 100 Factory overhead for January 80,710 Goods finished during January (includes goods in process, January 1), 63,500 units — Work in process, January 31, 3,900 units, 10% completed —

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Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307
BuyFind

Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307

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Chapter
Section
Chapter 18, Problem 18.30EX
Textbook Problem

Cost of production report: average cost method

Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January 2016. Use the average cost method with the following data:

Work in process, January 1, 3,400 units, 75% completed $ 23,000
Materials added during January from Weaving Department, 64,000 units 366.200
Direct labor for January 105, 100
Factory overhead for January 80,710
Goods finished during January (includes goods in process, January 1), 63,500 units
Work in process, January 31, 3,900 units, 10% completed

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Chapter 18 Solutions

Financial & Managerial Accounting
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