Question
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
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
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