Question
Prepare the production report (section 1, 2, 3) from the following information: Work in process, Sep 1: 500 units Materials: 60% complete. $ 9,500 Conversion:
Prepare the production report (section 1, 2, 3) from the following information:
Work in process, Sep 1: 500 units Materials: 60% complete. $ 9,500 Conversion: 40% complete. 5,500 Production started during Sep: 5,000 units Production completed during Sep: 4,800 units Costs added to production in Sep Materials cost $ 400,600 Conversion cost 375,400 Work in process, Sep 30: 700 units Materials 30% complete. Conversion 20% complete.
Required: |
Prepare a production cost worksheet with supporting schedules using the weighted-average method of process costing. |
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