Weighted average cost of production report Paint-Co manufactures several lines of qual- ity exterior paints. The Mixing

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Weighted average cost of production report Paint-Co manufactures several lines of qual- ity exterior paints. The Mixing department is the first process center in the production of a barn roof paint. In July, the beginning work in process consists of 3,000 gallons of base with all materials added and 50 percent conversion. Beginning work in process costs include $6,000 of material, $1,095 of labor, and $640 of manufacturing overhead. Units started during July are 27,000 gallons, including materials costs of $48,600, labor costs of $30,625, and overhead costs of $14,700. Ending work in process is 8,000 gallons with all materials and 50 percent conversion. Weighted average inventory is used.image text in transcribed

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Cost Accounting

ISBN: 9780538817646

2nd Edition

Authors: Les Heitger, Pekin Ogan, Serge Matulich

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