1. Cost of Production Report: Weighted average method
2. Assuming that direct materials are placed in process during production, use the weighted average method with the following data:
3. Work in process, January 1, 3,400 units, 75% completed$23,000Materials added during January from Weaving Department, 64,000 units366,200Direct labor for January105,100Factory overhead for January80,710Goods finished during January (includes goods in process, January 1), 63,500 unitsWork in process, January 31, 3,900 units, 10% completed
4. Prepare a cost of production report for the Cutting Department of Dalton Carpet Company for January.If required, round your cost per equivalent unit answer to the nearest cent.
5. Dalton Carpet CompanyCost of Production Report-Cutting DepartmentFor the Month Ended January 31Unit InformationUnits charged to production:Inventory in process, January 1Received from Weaving DepartmentTotal units accounted for by the Cutting DepartmentUnits to be assigned costs:Whole UnitsEquivalent Units of ProductionTransferred to finished goods in JanuaryInventory in process, January 31Total units to be assigned costsCost InformationCost per equivalent unit:CostsTotal costs for January in Cutting Department$Total equivalent unitsCost per equivalent unit$Costs assigned to production:Inventory in process, January 1$Costs incurred in JanuaryTotal 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 31Total costs assigned by the Cutting Department$

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