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Instructions X Production Report X Production Report, Weighted Average Unit Information Physical flow: Units in beginning WIP Murray Inc. manufactures bicycle frames in two departments:
Instructions X Production Report X Production Report, Weighted Average Unit Information Physical flow: Units in beginning WIP Murray Inc. manufactures bicycle frames in two departments: Cutting and Welding. Murray uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Units started Total units to account for Production: Equivalent units: Units in process, October 1, 40% complete 10,000 Units completed Units completed and transferred out 68,000 Units in ending WIP Units in process, October 31, 60% complete 20,000 Total units to account for Costs: WIP, October 1 $75,000 Equivalent units: Units completed Costs added during October 1,592,000 Units in ending WIP Total equivalent units Cost Information Costs to account for: Beginning WIP $ Incurred during October Total costs to account for Cost per equivalent unit Costs accounted for: Instructions X Production Report Production Report, Weighted Average Equivalent units: Units completed Murray Inc. manufactures bicycle frames in two departments: Cutting and Welding. Murray uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Units in ending WIP Total units to account for Production: Equivalent units: Units in process, October 1, 40% complete 10,000 Units completed Units completed and transferred out 68,000 Units in ending WIP Units in process, October 31, 60% complete 20,000 Total equivalent units Costs: Cost Information WIP, October 1 Costs to account for: $75,000 Costs added during October 1,592,000 Beginning WIP $ Incurred during October Total costs to account for Cost per equivalent unit Costs accounted for: Transferred Out Ending Work in Process Total Goods transferred out $ Goods in ending WIP Total costs accounted for $
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