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Murray Pty Ltd manufactures bicycle frames in two departments: Cutting and Welding. Murray uses the weighted average method. Manufacturing costs are added uniformly throughout the
Murray Pty Ltd manufactures bicycle frames in two departments: Cutting and Welding. Murray uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October:
Production: Units in process, 1 October, 40% complete 10000
Units completed and transferred out 68000
Units in process, 31 October, 60% complete 20000
Costs:
WIP, 1 October $ 80000
Costs added during October 1520000
Provide production report for the cutting department.
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