Prepare a production cost report for the Assembly department for April.
Company B manufactures a product that passes through two departments (Processing and Assembly). The data on production and costs of Assembly department for
April 2020 are as follows:
During April, Processing department completed and transferred 500 units to Assembly department at cost of 99.000 $
During April, Assembly department completed and transferred 450 units to finished goods warehouse.
Costs of EWIP for Assembly department are as follows:
Transferred In: 45 * 200 = 9.000
Direct Material: 27 * 100 = 2.700
Direct Labor: 36 * 75 = 2.700
Overhead: 18 * 95 = 1.710
Sample Solution