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Great Company Inc. has two departments and uses a process costing system. The following data relates to the company's first department for January 2022: Work
Great Company Inc. has two departments and uses a process costing system. The following data relates to the company's first department for January 2022: Work in process, beginning Units Materials Conversion 7,000 $10,850 $9,660 (materials 100% complete; conversion 75% complete) Added during June 35,000 $52,990 $45,360 Work in process, ending 9,000 (materials 100% complete; conversion 70% complete) The company uses the weighted-average method. Required: Prepare a department production report for the first department for January. Round unit costs to two decimal places. (17 marks) Paragraph V BIU A Great Company Inc. Production Report - First Department For month ended January 31, 2022 + v
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