Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Horngren Woolens is a manufacturer of wool cloth. The information for December is as follows: Beginning work in process 10,000 units Units started 35,000 units

Horngren Woolens is a manufacturer of wool cloth. The information for December is as follows:

Beginning work in process 10,000 units Units started 35,000 units Units completed 28,000 units Beginning work-in-process direct materials $18 ,000 Beginning work-in-process conversion $ 26,200 Direct materials added during month $144,000 Direct manufacturing labor during month $20,000 Factory overhead during month $ 51,425 Beginning work in process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 65% complete.

Required: worksheet using the weighted-average method.

image text in transcribedcost

Can you answer exactly what is asking for in the picture!

Answer: PRODUCTION COST WORKSHEET Flow of production Physical Units Direct Materials Conversion Work in process, beginning Started during period To account for 10,000 35,000 45.000 Units completed Work in process, ending Accounted for 28,000 17,000 45.000 Costs Totals Direct Materials Conversion Work in process, beginning Costs added during period Total costs to account for Divided by equivalent units Equivalent unit costs Assignment of costs - Units Cost per unit Amount Transferred out Work in process, ending Direct materials Conversion Costs accounted for 7 Focu

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Human Resource Management

Authors: Robert L. Mathis, John H. Jackson

13th Edition

053845315X, 978-0538453158

More Books

Students also viewed these Accounting questions