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1. Prepare a production report for the weaving department using weighted average. Direct materials are placed into production at the beginning of the process and
1. Prepare a production report for the weaving department using weighted average.
Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.
Physical Units | Direct Materials | Conversion Costs | Total | ||||
Beginning work-in-process | 10,000 | units | $13,020 | $5,500 | $18,520 | ||
Degree of Completion of Beginning Work in process at beginning of month | 100% | 30% | |||||
Started During April | 90,000 | units | |||||
Completed and transferred out during April | 80,000 | units | 100% | 100% | |||
Ending Work In process Inventory | 20,000 | units | |||||
Degree of Completed of ending work in process | 100% | 60% | |||||
Total costs Added during April | $90,500 | $115,000 | $205,500 | ||||
Required: | |||||||
1. Prepare a production report for the weaving department using weighted average. Please review exhibit 6.7. |
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