Weighted-Average Costing (W. Crum) The Doral Company has the following data for the month of October: DEPARTMENT
Question:
Weighted-Average Costing (W. Crum) The Doral Company has the following data for the month of October:
DEPARTMENT A DEPARTMENT B Beginning inventory in process: 2,000 units 2,000 units Prior department cost* 0 $4,600 Materials added last month Conversion costs added last month
$2,000 (100%)
$ 900 (60%)
$3,200 (80%)
$ 800 (40%)
Units put in process this month — 30,000 29,000 Materials added this month $30,968 $56,580 Conversion costs added this month $41,800 $29,803 Units completed and transferred 29,000 30,000 Ending inventory in process: 3,000 units 1,000 units Material content 90% 50%
Conversion costs 50% 30%
* These are transferred-in costs.
Using weighted-average costing, prepare a production report for each department. Show the cost of goods completed and transferred and also show the cost of the ending work in process. Include a proof of your answer for the ending work in process. l-01
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