Cost of Production Report The Cutting Department of Tangu Carpet Company provides the following data for December 2014. Assume that all materials are added at the beginning of the process. Work in process, December 1, 8,200 units, 75% completed $81,180*
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The Cutting Department of Tangu Carpet Company provides the following data for December 2014. Assume that all materials are added at the beginning of the process.
| Work in process, December 1, 8,200 units, 75% completed | $81,180* | |
| *Direct materials (8,200 × $7.20) | $59,040 | |
| Conversion (8,200 × 75% × $3.60) | 22,140 | |
| $81,180 | ||
| Materials added during December from Weaving Department, 126,400 units | $929,040 | |
| Direct labor for December | 195,883 | |
| Factory overhead for December | 239,412 | |
| Goods finished during December (includes goods in process, December 1), 127,800 units | — | |
| Work in process, December 31, 6,800 units, 40% completed | — |
10 years ago
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