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Production Report Alfombra Inc, manufactures throw rugs. The throw rug department weaves cloth and yarn into throw rugs of various sizes. Alfombra uses the weighted

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Production Report Alfombra Inc, manufactures throw rugs. The throw rug department weaves cloth and yarn into throw rugs of various sizes. Alfombra uses the weighted average method, Materials are added uniformly throughout the weaving process. In August, Alfombra switched from FIFO to the weighted average method. The following data are for the throw rug department for August: Production: 40,000 Units in process, August 1, 60% complete Units completed and transferred out 120,000 Units in process, August 31, 60% complete 40,000 Costs: WIP, Augusti $144,000 Current costs 604,800 Total $749,800 The owner of Alfombra insisted on a formal report that provided all the details of the weighted average method. In the manufacturing process, all materials are added uniformly throughout the process Required: Prepare a production report for the throw.rug department for August using the weighted average method. It an amount box does not require an entry, leave it plank on enter zero "0" Round cost per equivalent unit value to the nearest cent and use rounded value in intermediate calculations, Alfombra Inc. Throw Rug Department Production Report For the Month of August (Weighted Average Method) Unit Information Physical flow eBook Alfombra Inc. Throw Rug Department Production Report For the Month of August (Weighted Average Method) Unit Information Physical flow: Units to account for: Units in beginning WIP Units started 40,000 120,000 Total units to account for 160,000 Units accounted for: Units 120,000 Units completed Units in ending WIP 40,000 160,000 Total units accounted for Equivalent units: Units completed Units 120,000 Units in ending work in process 40,000 X Total equivalent units 160,000 X Cost Information Costs to account for: Dollars Costs in beginning work in process Costs added by department 144,000 604,800 Check My Work All work saved. eBook Units Equivalent units: Units completed 120,000 40,000 X Units in ending work in process 160,000 X Total equivalent units Cost Information Costs to account for: Dollars 144.000 Costs in beginning work in process Costs added by department Total costs to account for 604,800 748,800 5.2 Cost per equivalent unit Costs accounted for: Transferred Out Ending Work in Process Total Goods transferred out 624,000 Goods in ending work in process Conversion Total costs accounted for 748,800 Feedback Check My Work Partially correct

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