LMO Ltd. manufactures cameras that go through three departments, mechanical; assembly and testing. Partial cost and production data for the mechanical department, are as follows for December 2020:

Cameras in process December 1: 2,000 units 20% complete

Cameras in process December 31: 70% complete

Cameras started into production: 30,000

Cameras completed and transferred out: 25,000 Cost of December 1

work-in-process:

Material A: $40,000

Material B: $20,000

Direct labour : $2,000

Overhead : $4,000

Costs added to production in December :

Material A: $747,500

Material B: $1,890,000

Direct labour : $189,000

Overhead : $378,000

Material A and B in the mechanical department are added at the beginning of work and uniformly, respectively. Conversion costs are added on a uniform basis in all departments.

Partial cost and production data for the assembly department, are as follows for December 2020:

Cameras in process December 1: 6,000 units 60% complete

Cameras in process December 31: 3,000 units 90% complete

Cost of December 1 work-in-process:

Material X: $24,000

Conversion costs: $36,000

Transferred-in: $600,000

Costs added to production in December:

Material X: $125,000

Material Y: $62,000

Conversion costs: $81,300

Two types of materials are used; X and Y. X is added when the cameras are 40% through the department Y when the cameras are 80% through the department.

Cameras from the assembly department are transferred to the testing department.

Partial cost and production data for the testing department, are as follows for December 2020:

Cameras in process December 1: 4,000 units 30%

complete Cameras in process December 31: 2,000 units 40% complete

Cameras completed and transferred out: 26,000 Cost of December 1 work-in-process:

Conversion costs: $7,200

Transferred in costs:$440,000

Costs added to production in December:

Conversion costs: $204,800

Normal spoilage, in the testing department, is 10% of the good cameras completed and transferred to finished goods. Assume that there are 1,000 cameras in finished goods inventory at December 1 that cost $125/each using FIFO and $110/each using weighted average. There were 24,000 cameras sold in December for $250 per camera.

- Create a total of six production reports in the format reviewed, 2 for each of the mechanical, assembly and testing departments using FIFO and weighted average.