168.

Information for the Sandy Manufacturing Company for the month of July 2012 is as follows:
Beginning work in process:
Units - 800
Direct materials = 100% complete
Conversion costs = 70% complete

Units started in July = 14,000

Ending work in process inventory:
Units = 1,500
Direct materials = 100% complete
Conversion costs = 30% complete

Prepare a cost of production report for the month of July.

2 is as follows:
Cost of Inventory at process, July 1 $5,010

COST OF PRODUCTION REPORT

Physical flow schedule
Beginning work in process
add: units started in july
Costs charged to Work in Process during July: Total units
Direct materials costs = $57,400
Direct labor costs = 20,049 Completed units
Factory overhead costs = 30,073 Ending work in process
Total units

Calculation of equivalent units

Completed units

Ending work in process

Equivalent units

Calculation of cost per equivalent unit

Beginning work in process

add: cost incured during July
Total costs
divide by equivalent units
Cost per equivalent unit

Cost of completed units

Units
multiply by cost per equivalent unit

Cost of ending work in process

Units
multiply by cost per equivalent unit
 700
14,000
14,700

13,200
1,500
14,700

Direct materials Direct labor Factory overhead

13,200 13,200 13,200 13,200
(13,200 * 100 % complete) (13,200 * 100 % complete) (13,200 * 100 % complete)
1,500 1,500 450 450
(1,500 * 100 % complete) (1,500 * 30 % complete) (1,500 * 30 % complete)
14,700 13,650 13,650

Direct materials Direct labor Factory overhead

$ 5,010 $ - $ -
$ 57,400 $ 20,049 $ 30,073
$ 62,410 $ 20,049 $ 30,073
14,700 13,650 13,650
$ 4.25 $ 1.47 $ 2.20

Direct materials Direct labor Factory overhead

13,200 13,200 13,200
$ 4.25 $ 1.47 $ 2.20
$ 56,041.63 $ 19,388.04 $ 29,081.58

Direct materials Direct labor Factory overhead

1,500 450 450
$ 4.25 $ 1.47 $ 2.20
$ 6,368.37 $ 660.96 $ 991.42
Total

$ 104,511.26

Total

$ 8,020.74