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Manama Steel processes a single type of steel. For the current period the following information is given: Units Material Costs Conversion Costs Beginning Inventory 400

Manama Steel processes a single type of steel. For the current period the following information is given:

Units

Material Costs

Conversion Costs

Beginning Inventory

400

$2,000

$4,300

Started During the Current Period

500

$5,000

$8,000

Ending Inventory

200

All materials are added at the end of the production process. The beginning inventory was 40% complete for conversion, while the ending inventory was 60% completed for conversion purposes. Manama uses the weighted-average costing method.

Instructions:

Prepare a production cost worksheet using the weighted-average method.

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