Weighted average inventory Logger Manufacturing Company produces chain saws in a continuous flow production process. The Hand-Guard Division makes the vinyl covered alumi- num hand safety guard that it sells to the Assembly Division. The second process center in the manufacture of hand guards is Molding. This division, like all others in the firm, uses weighted average to account for all inventories.

During November, the division had 10,000 units transferred in from the first process center. The 2,000 units in beginning work in process inventory had all materials and were half converted. The 4,000 units in ending work in process also had all material and were half converted.

Beginning inventory costs consisted of $6,000 of preceding department cost, $2,100 of mate- rial cost, $2,600 of labor cost, and $2,900 of applied manufacturing overhead. During November, $32,000 of preceding department costs were transferred into the process center. Material costs for the month were $11,500 in the second process center, labor costs were $21,000, and overhead $27,000.

Transcribed Image Text:

REQUIRED Prepare the November cost of production report for the Molding process center.