The Assembly Department of Nitz Company has the following production and cost data at the end of May 2017.
Production: 30000 units started into production; 25000 units transferred out and 5000 units 100% completed as to materials and 40% completed as to conversion costs.
Manufacturing Costs: Materials added at beginning of process $90000; labor $75000; overhead $60000.
Instructions
Prepare a production cost report for the month of May.

Question

Quizplus · Accepted Answer

The Answer of The Assembly Department of Nitz Company has the following production and cost data at the end of May 2017.
Production: 30000 units started into production; 25000 units transferred out and 5000 units 100% completed as to materials and 40% completed as to conversion costs.
Manufacturing Costs: Materials added at beginning of process $90000; labor $75000; overhead $60000.
Instructions
Prepare a production cost report for the month of May.

The Assembly Department of Nitz Company Has the Following Production