Question
Italy Corporation produces wine bottles for wine merchants in a process that starts in the Melt and Mold Department. Data concerning that departments operations in
Italy Corporation produces wine bottles for wine merchants in a process that starts in the Melt and Mold Department. Data concerning that departments operations in the most recent period appear below: Beginning work in process: Units in process 400 Stage of completion with respect to materials 75% Stage of completion with respect to conversion 25% Units started into production during the month 42,600 Units completed and transferred out 42,500 Ending work in process: Units in process 500 Stage of completion with respect to materials 80% Stage of completion with respect to conversion 30% Beginning work in process costs: Materials $1,600 Conversion $2,400 Costs added during the period Materials $191,700 Conversion $298,200
Required: Put together production report of the department considering that Italy Corporation uses weighted average method in its process costing
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