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, the units in process at December 1 were completed. Of the 10,000 units entering the department, all were completed except 1,200 units which 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, the units in process at December  1 were completed. Of the 10,000 units entering the department, all were completed except 1,200 units which 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 .

Quizplus · Accepted Answer

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, the units in process at December  1 were completed. Of the 10,000 units entering the department, all were completed except 1,200 units which 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