Golf World, Inc. (GWI) sells products and services for the sport of golf. One of its key business units specializes in the repair and reconditioning of golf carts. GWI enters into contracts with a number of golf clubs throughout the U.S. in which the clubs send their carts to GWI for a complete reconditioning: motor, frame repair where necessary, and replacement of seat covers and canvas tops. The clubs usually will cycle 1015% of their carts through this process each year. Because GWIs business has been growing steadily, it is very important to complete the reconditioning of the carts within a budgeted time and cost. The firm uses weighted-average process costing to keep track of the costs incurred in the reconditioning process.

GWIs golf cart repair and reconditioning unit has the following information for the month of November, in which 1,280 carts were started for reconditioning:

Beginning WIP: 230 units, 60% complete for materials ($17,400) and 50% complete for conversion ($20,950)

Current costs:

Direct Materials: $200,800

Conversion: $586,600 (conversion costs for GWI usually average about $330 to $400 per unit, based on an average of 1,080 1,380 units completed each month)

Ending WIP: 380 units, 40% complete for direct materials and 30% complete for conversion

Production Cost Report for November Production Quantity Information Direct Physical Units Conversion Materials 96 %6 Input: Beginning WIP Units started Units to account for Output: Units finished Ending WIP Units to accounted for %6 % 0 Equivalent Units: Weighted Average Units completed Materials (Ending WIP) Conversion (Ending WIP) Total Unit Cost Determination Direct Materials Conversion Total Beginning WIP S 0 0 Current costs Total Divide by equivalent units S 0 S 0 S 0 Cost per equivalent unit S 0.0000 Cost Assignment Completed & Ending Work- Trans-out in-Process units Total Finished goods Ending WIP Materials units Conversion S 0 Total costs assigned S 0