Question
BMG Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a
BMG Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.
Work in process, beginning:
Units in process ........................................................... 200
Stage of completion with respect to materials ............ 60%
Stage of completion with respect to conversion.......... 20%
Costs in the beginning inventory:
Materials cost ........................................................... $756
Conversion cost ........................................................ $1,508
Units started into production during the month .............. 18,000
Units completed and transferred out .............................. 17,700
Costs added to production during the month:
Materials cost .............................................................. $116,569
Conversion cost ........................................................... $675,432
Work in process, ending:
Units in process ........................................................... 500
Stage of completion with respect to materials ............ 70%
Stage of completion with respect to conversion.......... 80%
Required:
Prepare a production report for the department using the weighted-average method.
BMG Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.
Work in process, beginning:
Units in process ........................................................... 200
Stage of completion with respect to materials ............ 60%
Stage of completion with respect to conversion.......... 20%
Costs in the beginning inventory:
Materials cost ........................................................... $756
Conversion cost ........................................................ $1,508
Units started into production during the month .............. 18,000
Units completed and transferred out .............................. 17,700
Costs added to production during the month:
Materials cost .............................................................. $116,569
Conversion cost ........................................................... $675,432
Work in process, ending:
Units in process ........................................................... 500
Stage of completion with respect to materials ............ 70%
Stage of completion with respect to conversion.......... 80%
Required:
Prepare a production report for the department using the weighted-average method.
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