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:
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:
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.
Step by Step Answer:
Cost Management Accounting And Control
ISBN: 9780324002324
3rd Edition
Authors: Don R. Hansen, Maryanne M. Mowen