Beginning units were 1000. The company started 40,000 units in August. 35,000 units were transferred out to the stitching department. For the ending work in process, the materials were added at the start of the process and ending units were 40% complete with respect to materials and 35% with respect to conversion (direct labor and overhead). Complete the partial Cost of Production report attached.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Beginning units were 1000. The company started 40,000 units in August. 35,000 units were transferred out to the stitching department.

For the ending work in process, the materials were added at the start of the process and ending units were 40% complete with respect to materials and 35% with respect to conversion (direct labor and overhead).

Complete the partial Cost of Production report attached.

Benz Fabric Extravaganza
COST OF PRODUCTION REPORT- CUTTING DEPT
August 2021
UNITS TO ACCOUNT FOR:
(A)
(B)
(A) X (B)
BEG UNITS
TOTAL
MATERIAL CONVERSION
EQUILVALENT UNITS
START
UNITS
MATERIAL CONVERSION
COMPLETED
TOT TO ACCT
END UNITS
END UNITS
TOT UNITS
Totals
COMPLETED
Transcribed Image Text:Benz Fabric Extravaganza COST OF PRODUCTION REPORT- CUTTING DEPT August 2021 UNITS TO ACCOUNT FOR: (A) (B) (A) X (B) BEG UNITS TOTAL MATERIAL CONVERSION EQUILVALENT UNITS START UNITS MATERIAL CONVERSION COMPLETED TOT TO ACCT END UNITS END UNITS TOT UNITS Totals COMPLETED
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