Question
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.
cost
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 FocuStep by Step Solution
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