Managerial Accounting: P3-4 Aussie Yarn Co. is a U.S. producer of woolen yarn

Managerial Accounting

P3-4 Production Cost Report
Aussie Yarn Co. is a U.S. producer of woolen yarn made from wool imported from Australia. Raw wool is processed, spun, and finished before being shipped out to knitting and weaving companies. Material is added in the beginning of processing, and conversion costs are added evenly throughout processing.
Aussie began the month of August with 6,300 units in process that were 100 percent complete as to materials and 70 percent complete as to labor and overhead. It started 30,100 units into production during the month of August of which 5,300 remained in ending Work in Process inventory and were 50 percent complete as to conversion costs. The cost data are as follows:
Beginning Work in Process:
Direct materials 5,300
Direct labor 1,610
Manufacturing overhead 2,090

Costs added during August:
Direct materials 30,372
Direct labor 12,903
Manufacturing overhead 16,473

Prepare a production cost report for the month of August. (Round cost per equivalent unit to 2 decimal places, e.g. 5.25 and all other answers to 0 decimal places, e.g. 125.)
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