Petterson Company produces a product that passes through three processes; Fabrication, Assembly, and Finishing. All manufacturing costs

Question:

Petterson Company produces a product that passes through three processes; Fabrication, Assembly, and Finishing. All manufacturing costs are added uniformly for both processes.

The following information was obtained for the Assembly Department for April 2001:

a.Work in process, April 1, had 10,000 units (40% completed) and the following costs:

image text in transcribed

b.During the month of April, 20,000 units were completed and transferred to the Finish¬
ing Department, and the following costs were added to production:

image text in transcribed

c. On April 30, there were 5,000 partially completed units in process. These units were 80% complete.
Required:
Prepare a cost of production report for the Assembly Department for April using the weighted average method of costing. The report should disclose the physical flow of units, equivalent units, and unit costs and should track the disposition of manufacturing costs.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cost Management Accounting And Control

ISBN: 9780324002324

3rd Edition

Authors: Don R. Hansen, Maryanne M. Mowen

Question Posted: