Question
Lauren, Inc. uses a process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in
- Lauren, Inc. uses a process costing system. The following data concern the operations of the company's first processing department for a recent month.
Work in process, beginning:
Units in process 400
Stage of completion with respect
to materials 90%
Stage of completion with respect
to conversion costs 40%
Costs in the beginning inventory:
Materials $ 756
Conversion costs $4,448
Units started into production during
the month 13,000
Costs added to production during the month:
Materials $29,949
Conversion costs $362,127
Work in process, ending:
Units in process 100
Stage of completion with respect
to materials 50%
Stage of completion with respect
to conversion costs 30%
Prepare a complete production report for the department using the weighted-average method.
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