prepare the production cost report 618733

The Muller Company reports the following physical units for its Polishing Department for the month ended July 31, 2014.

Units to be accounted for

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Physical Units

Work in process. Jury •

1,000

Transferred in

11 .000

Total units

12.000

Units accounted for

Completed and transferred out

10:500

Work in process, July 31 (301–i complete)

.1.500

Total units accounted for

12.000

Work in process July 1 was $3,000 for direct materials and $1,920 for conversion costs. Costs incurred in July were: materials $59,400, labor $23,520, and overhead $9,600. The percentage complete refers to conversion costs. Materials and transferred in units are added at the beginning of the process.

Instructions

Prepare the production cost report.

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