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Please solve both A and B. Will rate! Additional information follows: - Minot uses weighted average costing and applies manufacturing overhead to Work-in-Process at the
Please solve both A and B. Will rate!
Additional information follows: - Minot uses weighted average costing and applies manufacturing overhead to Work-in-Process at the rate of 100 percent of direct labor cost. - Ending inventory in the Processing Department consists of 4,500 units that are one-third converted. - Beginning inventory contained 2,000 units, one-half converted, with a cost of $27,300 ( $17,300 for materials and $10,000 for conversion). Work-in-Process Analysis (b) Prepare an analysis of all changes in Work-in-Process. Do not use negative signs with any of your answers. Additional information follows: - Minot uses weighted average costing and applies manufacturing overhead to Work-in-Process at the rate of 100 percent of direct labor cost. - Ending inventory in the Processing Department consists of 4,500 units that are one-third converted. - Beginning inventory contained 2,000 units, one-half converted, with a cost of $27,300 ( $17,300 for materials and $10,000 for conversion). (a) Prepare a cost of production report for the Processing Department for November. - Do not use negative signs with any of your answers. - Round Cost per equivalent unit in process to two decimal places, if neededStep by Step Solution
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