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Process Costing. If you can break it down step by step, I guarantee I will give a thumbs up. A company makes a product. For

Process Costing. If you can break it down step by step, I guarantee I will give a thumbs up.

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A company makes a product. For September, the company's accounting records accurately reflected the following information: Beginning Work-in-Process Inventory (100% complete as to direct materials; 30% complete as to direct labor; 60% complete as to Manufacturing Overhead) 12,000 units Units started during the month 90,000 units Ending Work-in-Process inventory (100% complete as to material; 40% complete as to direct labor; 80% complete as to overhead) 15,000 units September 1 During September Cost Component Direct material Direct labor Overhead $13,020 1,908 $90,000 45,792 70,824 4,636 For September, prepare a cost of production report assuming the company uses the weighted average method For September, prepare a cost of production report assuming that the company uses the first-in, first-out method

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