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Question 3 Answer saved Marked out of 2 . 5 0 , P Flag question Weighted Average Process Costing Additional information follows: Minot uses weighted

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Question 3 Answer saved Marked out of 2.50, P Flag question
Weighted Average Process Costing
Additional information follows:
Minot uses weighted average costing and applies manufacturing overhead to Work-in-Process at the rate of 90% of direct labor cost.
Ending inventory in the Processing Department consists of 3,000 units that are one-fourth converted
Beginning inventory contained 4,000 units, one-half converted, with a cost of $57,950( $34,000 for materials and $23,950 for conversion).
Cost of Production Report 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.
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