Cost of Production Report: Weighted Average Method

Assuming that direct materials are placed in process during production, use the weighted average method with the following data:

Work in process, January $1,3,400$ units, $75\%$ completed

Materials added during January from Weaving Department, $64,000$ units

Direct labor for January

Factory overhead for January

Goods finished during January $($includes goods in process, January $1),63,500$ units $-$

Work in process, January $31,3,900$ units, $10\%$ completed

Dalton Carpet Company

Cost of Production Report$-$Cutting Department

For the Month Ended January $31$

Units charged to production:

Inventory in process, January $1$

Received from Weaving Department

Total units accounted for by the Cutting Department

Units to be assigned costs:

Transferred to finished goods in January

Inventory in process, January $31$

Total units to be assigned costs

Costs

Costs

Cost per equivalent unit:

Total costs for January in Cutting Department

Total equivalent units

Cost per equivalent unit

Costs assigned to production:

Inventory in process, January $1$

Costs incurred in January

Total costs accounted for by the Cutting Department

Costs allocated to completed and partially completed units:

Transferred to finished goods in January

Inventory in process, January $31$

Total costs assianed bv the Cuttina Deoartment