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Accounting Assignment | Custom Assignment Help

Author:
November 20th, 2019

Semore company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows:

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  • Beginning work in process (40% complete): 10,025 units
  • Direct materials: $668,250
  • Conversion cost: $312, 900
  • Total cost of beginning work in process: $981,150
  • Number of units started: 18,500 units
  • Number of units completed & transferred to finished goods: 17,800 units
  • Ending work in process (75% complete)
  • Direct materials cost incurred: $1,201,200
  • Conversion cost applied:$ 633,250
  • Total cost added: $1,834,450

Using FIFO method of process costing, prepare the March production report for See more companyGet accounting assignment homework help today

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