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Harmon Company uses the weighted-average method in its process costing system. The Curing Department of Harmon Company reported the following information for the month of
Harmon Company uses the weighted-average method in its process costing system. The Curing Department of Harmon Company reported the following information for the month of November.
Units | % Complete with Respect to Conversion | |
Work in process, November 1 | 10,000 | 80% |
Units started | 28,000 | |
Completed and transferred out | 30,000 | |
Work in process, November 30 | 8,000 | 30% |
Costs for November: | Materials | Conversion |
Work in process, November 1 | $34,500 | $48,600 |
Added during the month | $146,000 | $194,400 |
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