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Computing Product Costs with Incomplete Products (Appendix 2

Question 102

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Computing product costs with incomplete products (Appendix 2.1).The Assembly Department had 90,000 units 75 percent complete in Work-in-Process Inventory at the beginning of April.During
April,the department started and completed 110,000 units.The department started another 46,000 units and completed 20 percent as of the end of April.
Assume that the cost assigned to beginning inventory on April 1 was $78,000 and that the department incurred $298,000 of production costs during April.
Required: Prepare a production cost report like the one shown in Exhibit 2.10 in the text.Assume the department incurred production costs evenly throughout processing.

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