Question
Enterprise A produces products through 2 workshops. Workshop 1 semi-finished products are subject to Workshop 2 processing. Materials are introduced once at the beginning of
Enterprise A produces products through 2 workshops. Workshop 1 semi-finished products are subject to Workshop 2 processing. Materials are introduced once at the beginning of the production process in Workshop 1 and continuously throughout the production process in Workshop 2.
From the data of November 2017, at workshop 1 as follows:
1. At the beginning of the month, there were no unfinished products in the workshops.
2. Production situation in the month:
- Workshop 1 completed and handed over to workshop 2 is 1,000 products, 50 products in unfinished, 40% of completion.
- Expenses incurred at the workshops in the month are as follows:
Items | Workshop 1 |
Direct material cost | 52,500,000 |
Direct labor cost | 25,500,000 |
General production cost | 12,750,000 |
Requirements: Please prepare an equivalent output report and an expense report at Workshop 1 using the weighted average method.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started