Minot Processing Company manufactures one product on a continuous basis in two departments, Processing and Finishing. All materials are added at the beginning of work on the product in the Processing Department. During November 2017, the following events occurred in the Processing Department:

Additional information follows:
* Minot uses weighted average costing and applies manufacturing overhead to Work-in-Process at the rate of 100 percent of direct labor cost.
* Ending inventory in the Processing Department consists of 4,500 units that are one-third converted.
* Beginning inventory contained 2,000 units, one-half converted, with a cost of \($27,300\) (\($17,300\) for materials and \($10,000\) for conversion).

Required

a. Prepare a cost of production report for the Processing Department for November.

b. Prepare an analysis of all changes in Work-in-Process.

Transcribed Image Text:

Units started...... Units completed and transferred to Finishing Department Costs assigned to processing Raw materials (one unit of raw materials for each unit of product started) 17.000 units 14,500 units $296,200 Manufacturing supplies used.. Direct labor costs incurred... Supervisors' salaries... Other production labor costs. Depreciation on equipment Other production costs.. 18,000 103.000 12.000 14,000 6,000 18.000