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Brief Exercise 6-36 Production Report, Weighted Average Washburn Inc. manufactures precision tools in two departments: molding and finishing. Washburn uses the weighted average method. Manufacturing

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Brief Exercise 6-36 Production Report, Weighted Average Washburn Inc. manufactures precision tools in two departments: molding and finishing. Washburn uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the molding depart OBJECTIVE 3 Example 6.6 epart ment for June: Production Units in process, June 1 , 50% complete Units completed and transferred out Units in process, June 30, 60% complete 15,000 102,000 30,000 Costs: WIP, June 1 Costs added during June S 180,000 3,420,000 Required: Prepare a production report for the molding department. d out ORIFGTIVE 4

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