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Case Study / Production Report Example: Work in process, May 1: 300 units Materials 40% complete Conversion 30% complete Production started during...

Case Study / Production Report Example:

Work in process, May 1: 300 units
Materials 40% complete
Conversion 30% complete

Production started during May: 6000 units
Production completed and transferred during May: 5900 units

Work in process, May 31: 400 units
Material 20% complete
Conversion 30% complete




Beginning cost for material $3000
Beginning cost for conversion $2,500
Material cost for May $10,000
Conversion cost for May $12,000

To receive full credit give the complete five key steps in the in the production report calculation

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