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PART Sharp Company manufactures a single product. All material is added at the beginning of the process. No. of Units % of Completion Cost (5)

image text in transcribed PART Sharp Company manufactures a single product. All material is added at the beginning of the process. No. of Units % of Completion Cost (5) DM CC DM CC Beginning WIP inventory 6,000 100% 30% 30,000 3,600 Started 180,000 885,120 335,088 Completed and transferred out 152.000 Ending WIP inventory 20,000 100% 70% Normal spoilage 4,8001 Required: Prepare the production cost report using the weighted average method. Assume normal and abnormal spoilage are detected at 60%

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