Mammoth Co. is a manufacturer of wool cloth. The information for May is as follows:

Beginning work in process

20,000 units

Units started

40,000 units

Units completed

50,000 units

Beginning work-in-process direct materials

$ 12,000

Beginning work-in-process conversion

$ 5,200

Direct materials added during month

$60,000

Direct manufacturing labour during month

$24,000

Factory overhead

$ 10,000

Beginning work in process was half converted as to labour 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% complete.

Complete the following production cost worksheet using the weighted-average method.

PRODUCTION COST

WORKSHEET

Flow of production Physical Units Direct Materials Conversion

Work in process, beginning20,000

Started during period40,000

To account for60,000

Details needed- Units completed

WIP ending

Accounted For

Please provide solution