Otylia Manufacturing Company assembles its product in several departments. It has two departments that process all units. During February, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials. The beginning inventory included $12,000 for materials and $3,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct materials are added at the beginning of the process.

Beginning work in process in the finishing department was 75% complete as to conversion. Beginning inventories included $16,000 for transferred-in costs and $20,000 for conversion costs. Ending inventory was 25% complete. Additional information about the two departments follows:

Cutting Finishing

Beginning work-in-process units 20,000 20,000

Units started this period 40,000 50,000

Units transferred this period 50,000

Ending work-in-process units 10,000 20,000

Material costs added $51,000 $28,000

Direct manufacturing labor $18,700 $40,000

Other conversion costs $26,900 $24,000

Required:

Prepare a production cost worksheet using weighted-average for the cutting department

Answer: Production Cost Worksheet

Cutting Department

Weighted-Average Method

Flow of production	Physical Units	Direct Materials	Conversion
Work in process, beginning	20,000
Started during period	40,000
To account for	60,000
Units transferred out	50,000
Work in process, ending	10,000
Accounted for	60,000

Costs	Totals	Direct Materials	Conversion
Work in process, beginning
Costs added during period
Total costs to account for
Divided by equivalent units
Equivalent-unit costs

Assignment of costs - Units	Cost per unit	Amount
Transferred out
Work in process, ending
Direct materials
Conversion
Costs accounted for

Can you answer this question in this order please. fill all the blank