Daniel LLC incurred the following cost in the month of October: Material                         $55,000 Labor                             $46,000 Factory Overhead           $23,000 There was no beginning inventory.  Ending work in process was 1,000 units at 50 percent complete.  15,000 units were completed and transferred out. Prepare a cost of production summary for the month, assuming Daniel uses the average cost method of process costing.

Cornerstones of Cost Management (Cornerstones Series)
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ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
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Chapter6: Process Costing
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Problem 27E: During the month of June, the mixing department produced and transferred out 3,500 units. Ending...
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Daniel LLC incurred the following cost in the month of October:

Material                         $55,000
Labor                             $46,000
Factory Overhead           $23,000

There was no beginning inventory.  Ending work in process was 1,000 units at 50 percent complete.  15,000 units were completed and transferred out.

Prepare a cost of production summary for the month, assuming Daniel uses the average cost method of process costing

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