Exercise 20-14 Weighted average: Production cost report P2 The following data reports on the July production...

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Exercise 20-14 Weighted average: Production cost report P2 The following data reports on the July production activities of the Molding department at Ash Company. Prepare the Molding department's production cost report using the weighted average method. Beginning work in process Direct materials... Conversion. $ 18,550 Direct Materials Conversion Units Percent Complete Percent Complete 2,280 $ 20,830 Costs added this period Beginning work in process inventory... 2.000 Units started this period.... 100% 20% 32,500 Direct materials 357,500 Completed and transferred out... 32,000 Conversion...... Total costs to account for... 188,670 546,170 $567,000 Ending work in process inventory...... 2,500 100% 60% Exercise 20-14 Weighted average: Production cost report P2 The following data reports on the July production activities of the Molding department at Ash Company. Prepare the Molding department's production cost report using the weighted average method. Beginning work in process Direct materials... Conversion. $ 18,550 Direct Materials Conversion Units Percent Complete Percent Complete 2,280 $ 20,830 Costs added this period Beginning work in process inventory... 2.000 Units started this period.... 100% 20% 32,500 Direct materials 357,500 Completed and transferred out... 32,000 Conversion...... Total costs to account for... 188,670 546,170 $567,000 Ending work in process inventory...... 2,500 100% 60%