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View Full Version : Cost of production report using fifo


jeanagustin
Feb 27, 2011, 04:58 AM
Units in BI. Fabricating (100%materials, 40%labor , and 80%overhead... 400
Units started in process... 1200
Units transferred from fabricating to finishing... 1100
Ending inventory... fabricating 100% materials, 80% labor, 90%overhead)... 500

Cost in BI:

Materials... 29280
Labor... 1900
OH... 11800

Cost added
Materials... 90000
Labor... 16080
OH... 46740