Forrming Department Costs:

Work in process, October 1, 8000 units

materials 100% complete; conversion 7/8 complete..................................................................................$22,420*

Costs transferred in from the Mixing Department........................................................................................81, 480

Material added during October (added when processing is 50% complete in the Forming Department)...........................27,600

Conversion costs added during October..............................................................................................................................96,900

Total departmental costs......................................................................................................................................................$228,400

Forming Department costs assigned to:

Units completed and transferred to the stamping department, 100,000 units at $2.284 each.............................................$228,400

Work in process inventory, October 31, 5000 units: conversion 2/5 complete

Total departmental costs assigned......................................................................................................................................$228,400

*Consists of cost transferred in, $8820; materials cost $3400; and conversion costs $10,200.

The company use's the weighted average method in its process costing:

Required:

1. Prepare a report for the Forming Department for October showing how much cost should have been assigned to the units completed and transferred to the Stamping Department and to the ending work in process inventory.

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