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Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows: Beginning work-in-process 10,000 units Units started 20,000 units Units completed
Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows: Beginning work-in-process 10,000 units Units started 20,000 units Units completed 25,000 units Beginning work-in-process direct materials $6,000 Beginning work-in-process conversion $2,600 Direct materials added during month $30,000 Direct manufacturing labor during month $12,000 Factory overhead $5,000 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 60 percent complete. Required: Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules
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