WEIGHTED AVERAGE METHOD, SINGLE-DEPARTMENT ANALYSIS Jbooth Company produces a product that passes through an assembly process and a finishing process. All manufacturing costs are added uniformly for both processes. The following information was obtained for the assembly department for March:

a. WIP, March 1, had 48,000 units (60 percent completed) and the following costs:

Direct materials $186,256 Direct labor 64,864 Overhead applied 34,400

b. During March, 138,400 units were completed and transferred to the finishing department, and the following costs were added to production:

Direct materials $267,880 Direct labor 281,280 Overhead applied 117,144

c. On March 31, there were 21,600 partially completed units in process. These units were 70 percent complete.

Required:

Prepare a production report for the assembly department for March using the weighted average method of costing. The report should disclose the physical flow of units, equivalent units, and unit costs and should track the disposition of manufacturing costs.

Problem