Carter Manufacturing Company Has Two Departments,Assembly and Finishing Required:
1)Prepare a Cost of Production Report for the Finishing

Essay

Carter Manufacturing Company has two departments,Assembly and Finishing.Consider the following data for the Finishing Department for December 2014: $\begin{array}{l|c|c|c|c|c|c|}\hline&& \underline {\text { Transferted-} }& \underline {\text {Direct} }& \underline {\text { Direct} }\\& \underline {\text {Units }}& \underline {\text {in}}& \underline {\text {Material }}& \underline {\text {Labor }}& \underline {\text {Overhead }}& \underline { \text {Total} }\\\hline \text { Beginuing work in process } & 2,500 &&&&&\$ \quad 35,200\\\hline \text { Started during the month } & 7,500 \\\hline \text { Completed during the month } & 8,000 \\\hline \text { Ending work in process } & 2,000\\\hline \text { Costs added during month } & & \$ 375,000 & \$ 134,000 & \$36,600 & \$ 24,400 & \$ 560,000\\\hline\end{array}$ Required:
1)Prepare a cost of production report for the Finishing Department.
2)How much cost should be transferred to Finished Goods?