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 Charged to Work