Valuation of Inventory-Semore Co

Semore company makes camping lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month of March follows:

Beginning work in process (40% complete): 10,025 units

Direct materials: $668,250

Conversion cost: $312, 900

Total cost of beginning work in process: $981,150

Number of units started: 18,500 units

Number of units completed & transferred to finished goods: 17,800 units

Ending work in process (75% complete)

Direct materials cost incurred: $1,201,200

Conversion cost applied:$ 633,250

Total cost added: $1,834,450

Using FIFO method of process costing, prepare the March production report for Seemore company

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