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Question
Erin Company's inventory at December 1 and the costs charged to Work in Process—Department B during December are as follows:
| 1,200 units, 40% completed | $ 47,800 |
| From Department A, 26,000 units | 845,000 |
| Direct labor | 312,000 |
| Factory overhead | 176,770 |
During December, all direct materials are transferred from Department A, the units in process at December 1 were completed during the period and transferred to finished goods, and of the 26,000 units that entered the department, all were completed during the period except 1,000 units that were 70% complete as to conversion costs. Inventories are costed by the first-in, first-out method.
Prepare a cost of production report for December.
Answer
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