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Question
Everett Company's inventory at December 31 and the costs charged to Work in Process—Department B during December are as follows:
| Dec. 1 WIP, 500 units, 60% completed | $ 3,460 |
| From Department A, 10,000 units | 36,300 |
| Direct labor | 7,960 |
| Factory overhead | 12,500 |
During December, all direct materials were transferred in from Department A, and the units in process at December 1 were completed during the period and transferred to finished goods. Of the 10,000 units entering the department, all were completed except 1,200 units that were 25% completed 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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