Work Problem 5-27 using the weighted average cost method. Problem 5-27 Conrad George, Inc. manufactures a single
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Work Problem 5-27 using the weighted average cost method.
Problem 5-27
Conrad George, Inc. manufactures a single product that goes through a mixing operation followed by a drying operation. The data for the Mixing Department for October and November are:
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October November Units in beginning inventory. Units started during month. Units completed and transferred Costs put into production: Materials.... Labor and factory overhead 0 600 12,400 13,100 11,800 13,300 $258,640 $271,760 $526,860 $569,770 Units in ending inventory 600 400 Stage of completion for ending inventory: Materials .... 90% 50% Labor and factory overhead. 60% 30% Required: 1. Prepare a cost of production report for October. Round unit costs to five decimal places and total dollars to the nearest dollar. 2. Prepare a cost of production report for November. Round unit costs to five decimal places and total dollars to the nearest dollar.
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Managerial Accounting
ISBN: 9780538842822
9th Edition
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
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