Everett Company's inventory at December 31 and the costs charged to Work in Process-Department B during December are as follows: During December, all direct materials are transferred from Department A, and the units in process at December 1 were completed. 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.

Question

Everett Company's inventory at December 31 and the costs charged to Work in Process-Department B during December are as follows:  During December, all direct materials are transferred from Department A, and the units in process at December 1 were completed. 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.

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The Answer of Everett Company's inventory at December 31 and the costs charged to Work in Process-Department B during December are as follows:  During December, all direct materials are transferred from Department A, and the units in process at December 1 were completed. 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.

Everett Company's Inventory at December 31 and the Costs Charged