Answer:
Explanation:
Production cost report is a detailed list of cost of production including the cost of raw material and operating cost
<u>Production cost for Bonita for March 2020</u>
Units Materials Conversion
costs
Units transferred out 7420 7420 7420
Work in process 3000 3000 (3000*20%)600
Total units 10,420 10,420 8020
Cost Materials Conversion Total
Total cost 35428 60150 95578
Equivalent units 10420 8020
Cost/unit 3.40 7.50 10.90
Cost in the month 95578
Cost reconciliation
Cost allocated to transferred out = 10.9*7420 =80878
Work in process for the month
Materials = 3000*3.40= 10200
Conversion 600*7.50 = 4500
total 14700
Total cost for the month = 80878+14700= 95578
