Daniel LLC incurred the following cost in the month of October:
Material $55,000
Labor $46,000
Factory Overhead $23,000
There was no beginning inventory.Ending work in process was 10,000 units at 50 percent complete.15,000 units were completed and transferred out.
Prepare a cost of production summary for the month,assuming Daniel uses the average cost method of process costing.

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The Answer of Daniel LLC incurred the following cost in the month of October:
Material $55,000
Labor $46,000
Factory Overhead $23,000
There was no beginning inventory.Ending work in process was 10,000 units at 50 percent complete.15,000 units were completed and transferred out.
Prepare a cost of production summary for the month,assuming Daniel uses the average cost method of process costing.

Daniel LLC Incurred the Following Cost in the Month of October