Understanding weighted average cost of production reports On page 230 is presented part of the December cost of production report for one process center of the Mabling Manufacturing Corporation. The cost accounted for section is missing from the report, but the rest of the report is complete and correctly prepared. The ending work in process is complete in terms of material and 50 percent complete for conversion.

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MABLING MANUFACTURING CORPORATION Cost of Production Report December Units to Account For Units Accounted For Beginning work in process Transferred in this period Total costs to account for 3,000 Units transferred out 9,000 Ending work in process 12,000 Total costs accounted for 10,000 2,000 12,000 Equivalent Unit Costs to Account For: Direct material: Costs Units Cost Beginning work in process $ 6,000 Current period 18,720 Total direct materials cost 24,720 12,000 $2.06 Direct labor: Beginning work in process 4,220 Current period 19,980 Total direct labor cost 24,200 11,000 2.20 Manufacturing overhead: Beginning work in process 8,440 Current period 39,960 Total overhead cost 48,400 11,000 4.40 Total cost to account for $97,320 $8.66