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Question
Austin Co. manufactures a product called Aster in a three-process series. All materials are added at the beginning of the first process, and Austin uses the first-in, first-out cost flow method. Unit and cost data for the first process (Department A) for the month of December follow:
| Units | Completion | Cost | |
| Work in process inventory: | |||
| December 1 | 12,000 | 60% | $140,400 |
| December 31 | 5,000 | 40% | ? |
| Started in December: | 14,000 | ||
| Direct materials cost | 106,400 | ||
| Conversion cost | 70,310 | ||
| Completed in December | 21,000 | ? |
Prepare Austin's Department A cost of production report for December.
Answer
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