ABC Sports is a manufacturer of sportswear. It produces all of its products in one department. The information for the current month is as follows:

Beginning work in process Units started

Units completed

Ending work in process Spoilage

Beginning work-in-process direct materials Beginning work-in-process conversion Direct materials added during month Conversion costs during month

22,000 units 44,000 units 55,000 units 10,000 units

1,000 units

$30,000 $ 12,000 $141,600 $112,000

Beginning work in process was half complete as to conversion. Direct materials are added at the beginning of the process. Ending work in process was 60% complete. All spoilage is normal and is detected at end of the process.

Required:

Prepare a production cost worksheet if spoilage is recognized and the weighted-average method is used to compute the following:

1- Physical units (10 marks)

2- Equivalent units (10 marks)

3- Total cost to account for (10 marks)

4- Cost per equivalent (10 marks)

5- Cost assignment to both completed units and ending inventory (10 marks)