ACCOUNTING
Warren, Reeve and Duchac
Financial Accounting
Managerial Accounting
Carl Warren, James M. Reeve, Jonathan E. Duchac
Chapter 20
EX 20-17 Prepare a cost of production report for the Cutting Department of Perma-Wear Carpet Company for October 2010, using the following data and assuming that all materials are added at the beginning of the process:
Work in process, October 1, 6,000 units, 75% completed $ 62,250* *
Direct materials (6,000 ??$7.60) $45,600
Conversion (6,000 ??75% ??$3.70) 16,650 _______ $62,250 _______
Materials added during October from Weaving Department, 162,000 units $1,215,000 Direct labor for October 362,080 Factory overhead for October 191,550 Goods finished during October (includes goods in process, October 1), 160,400 units — Work in process, October 31, 7,600 units, 30% completed —
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