(Weighted average) Wyeth Products manufactures electronic language transla tors. Analysis of beginning Work in Process Inventory for...

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(Weighted average) Wyeth Products manufactures electronic language transla¬ tors. Analysis of beginning Work in Process Inventory for February 2006 re-

vealed the following for 800 units:

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During February, Wyeth Products started production of another 11,400 trans¬ lators and incurred $259,012 for material, $58,316 for direct labor, and $188,210 for overhead. On February 28, the company had 400 units in process (70 percent complete as to material, 90 percent complete as to di¬ rect labor, and 80 percent complete as to overhead).

a. Prepare a cost of production report for February using the weighted av¬ erage method.

b. Journalize the February transactions.

c. Prepare T-accounts to represent the flow of costs for Wyeth Products for Febaiary. Use XXX where amounts are unknown and identify what each unknown amount represents.

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Cost Accounting Foundations And Evolutions

ISBN: 9780324235012

6th Edition

Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn

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