The Phillips Company manufacturers a product that goes through two departments. During the month of...
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The Phillips Company manufacturers a product that goes through two departments. During the month of March, 2015 the following data was recorded for the mixing department. The Phillips Company manufacturers a product that goes through two departments. During the month of March, 2015 the following data was recorded for the mixing department. Units Materials Labor Overhead 6,000 Units in beginning WIP Units started during March 40,000 Units completed 34,000 12,000 Units in ending WIP $54,000 $20,000 $10,000 Costs in beginning WIP Costs added during March $176,000 $380,000 $110,000 The ending work in process was 100% complete with respect to materials and 50% complete with respect to labor and overhead. Prepare a Production Cost Report for March, 2015
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