Question
4)A Company manufactures small boats.Materials are added at the beginning of the process and conversion costs are incurred evenly throughout the process.Data for April follows:
4)A Company manufactures small boats.Materials are added at the beginning of the process and conversion costs are incurred evenly throughout the process.Data for April follows:
Production Data
Units
Percent Complete
Units in process, April 1
1000
60%
Units started into production
4000
Units in process, April 30
1500
20%
Cost Data
Work in process, April 1:
Costs added:
Materials
$25,500
Materials
$90,000
Labour
3,000
Labour
12,000
Manufacturing overhead
6,000
Manufacturing overhead
18,900
Required:Using the weighted average method, prepare a production cost report for the company.Note that you will need to use the following Production Cost Report Templateon the next page
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