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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Cost of production report: average cost method
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Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January 2016. Use the average cost method with the following data:
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Work in process, January 1, 3,400 units, 75% completed                                                                                         $  23,000
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Materials added during January from Weaving Department, 64,000  units                                                     366,200
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Direct labor for January                                                                                                                                                                         105,100
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Factory overhead for January                                                                                                                                                               80,710
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Goods finished during January (includes goods in process, January 1), 63,500 units                                           — Work in process, January 31, 3,900 units, 10% completed                                                                                                                                                                                                        —
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