1,200 units, 40% completed $47,800 From Department A, 26,000 units 845,000 Direct labor 312,000 Factory overhead 176,770 During December, all direct materials are transferred from Department A, the units in process at December 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units that were 70% completed as to conversion costs. Inventories are costed by the first-in, first-out method. Prepare a cost of production report for December. Round your cost per equivalent unit amounts to two decimal places. Round all other amounts to the nearest dollar. If an amount value is zero enter "0" as answer. Erin Company Cost of Production Report-Department B For the Month Ended December 31 Unit Information Units charged to production: Inventory in process, December 1 Received from Department A Total units accounted for by Department B Units to be assigned costs: Equivalent Units Whole Direct

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Chapter1: Financial Statements And Business Decisions
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Erin Company's inventory at December 1 and the costs charged to Work in Process-Department B during December are as follows:
1,200 units, 40% completed
$47,800
From Department A, 26,000 units
845,000
Direct labor
312,000
Factory overhead
176,770
During December, all direct materials are transferred from Department A, the units in process at December 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units that were
70% completed as to conversion costs. Inventories are costed by the first-in, first-out method.
Prepare a cost of production report for December.
Round your cost per equivalent unit amounts to two decimal places. Round all other amounts to the nearest dollar. If an amount value is zero enter "0" as answer.
Erin Company
Cost of Production Report-Department B
For the Month Ended December 31
Unit Information
Units charged to production:
Inventory in process, December 1
Received from
hent A
Total units accounted for by Department B
Units to be assigned costs:
Equivalent Units
Whole
Direct
Units
Materials
Conversion
Inventory in process, December 1 (40% completed)
Started and completed in December
Transferred to finished goods in December
Inventory in process, December 31 (70% complete)
Total units to be assigned costs
Transcribed Image Text:Erin Company's inventory at December 1 and the costs charged to Work in Process-Department B during December are as follows: 1,200 units, 40% completed $47,800 From Department A, 26,000 units 845,000 Direct labor 312,000 Factory overhead 176,770 During December, all direct materials are transferred from Department A, the units in process at December 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units that were 70% completed as to conversion costs. Inventories are costed by the first-in, first-out method. Prepare a cost of production report for December. Round your cost per equivalent unit amounts to two decimal places. Round all other amounts to the nearest dollar. If an amount value is zero enter "0" as answer. Erin Company Cost of Production Report-Department B For the Month Ended December 31 Unit Information Units charged to production: Inventory in process, December 1 Received from hent A Total units accounted for by Department B Units to be assigned costs: Equivalent Units Whole Direct Units Materials Conversion Inventory in process, December 1 (40% completed) Started and completed in December Transferred to finished goods in December Inventory in process, December 31 (70% complete) Total units to be assigned costs
Cost Information
COSTS:
Direct
Materials
Conversion
Costs
Costs
Cost per equivalent unit:
Total costs for December in Department B
Total equivalent units
Cost per equivalent unit
Costs assigned to production:
Direct
Total
Materials Conversion
Costs
Costs
Costs
Inventory in process, December 1
Costs incurred in December
Total costs accounted for by Department B
Costs allocated to completed and partially completed units:
Inventory in process, December 1-balance
To complete inventory in process, December 1
Cost of completed December 1 work in process
Started and completed in December
Transferred to finished goods in December
Inventory in process, December 31
Total costs assigned by Department B
Transcribed Image Text:Cost Information COSTS: Direct Materials Conversion Costs Costs Cost per equivalent unit: Total costs for December in Department B Total equivalent units Cost per equivalent unit Costs assigned to production: Direct Total Materials Conversion Costs Costs Costs Inventory in process, December 1 Costs incurred in December Total costs accounted for by Department B Costs allocated to completed and partially completed units: Inventory in process, December 1-balance To complete inventory in process, December 1 Cost of completed December 1 work in process Started and completed in December Transferred to finished goods in December Inventory in process, December 31 Total costs assigned by Department B
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