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Product Cost Report-Weighted Average Method Gomez Manufacturing Corporation produces a dandruff shampoo in three consecutive processes. The costs of Department 1 for June 2016 were
Product Cost Report-Weighted Average Method Gomez Manufacturing Corporation produces a dandruff shampoo in three consecutive processes. The costs of Department 1 for June 2016 were as follows: P4-3B. L04 Cost of beginning inventory $ 5,500 12,740 Costs added in Department 1: Manufacturing overhead...155,400 737.370 Department I handled the following units during June: Units in process, June 1. 2,000 Units started in Department 1 Units transferred to Department 2 Units in process, June 30.. . ..1,000 On average, the June 1 units were 40% complete; the June 30 units were 70% complete. Direct materials are added at the beginning of the process, and conversion costs occur evenly throughout the process in Department 1. Gomez uses the weighted average method for process costing. Required Prepare the product cost report for Department I for June
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