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Bertuzzi Tires has 3 departments. Its first department (the processing department) shows the following data for the month of July: Work In Progress. Beginning Units
Bertuzzi Tires has 3 departments. Its first department (the processing department) shows the following data for the month of July: Work In Progress. Beginning Units in Progress Stage of completion with respect to materials Stage of completion with respect to conversion 8,000 80% 35% Cost in beginning Inventory Material Cost Labour Cost Overhead Cost $110,500 $ 33,000 $ 26,000 Units started into production during the month Units completed and transferred out 94,000 92,000 Costs added to production during the month: Material cost Labour cost Overhead cost $950,000 $310,000 $170,000 ??? Work In Progress, Ending: Units in progress Stage of completion with respect to material Stage of completion with respect to conversion 90% 60% Total Required: Using the weighted average method prepare a production report for the processing department Physical Units Direct Materials Conversion Costs Units to Account For: From Beginning WIP Units started during the period Total Units to Account For Units Accounted For: Completed and Transferred Out Ending WIP Total Units Accounted For Total Equivalent Units Cost to Account For: Beginning WIP Costs Incurring During the Period Total Costs to Account for Cost Per Equivalent Unit Costs of Units Completed & Transferred Out Ending WIP Total Cost Accounted For
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