Question
Ritchie Company has two departments.Its first department (the Melting Department) shows the following data for the month of April: Work in process, beginning: Units in
Ritchie Company has two departments.Its first department (the Melting Department) shows the following data for the month of April:
Work in process, beginning:
Units in process
400
Stage of completion with respect to materials
60%
Stage of completion with respect to conversion
85%
Costs in the beginning inventory:
Materials cost
$170
Labour cost
$160
Overhead cost
$300
Units started into production during the month
1,100
Units completed and transferred out
1,400
Costs added to production during the month:
Materials cost
$1,300
Labour cost
$800
Overhead cost
$1,700
Work in process, ending:
Units in process
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Stage of completion with respect to materials
70%
Stage of completion with respect to conversion
80%
Required:
Using the weighted average method, prepare a production cost report for the company.
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