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Stuck at the end if someone can help (and double check everything else is correct) A production company uses a process cost system. The following
Stuck at the end if someone can help (and double check everything else is correct)
A production company uses a process cost system. The following costs and production data are for the Mixing Department in June: Work in process inventory, June 1 consisted of 61500 units and costs of: (The beginning inventory was 100% complete for materials and 70% complete for conversion costs.) 3 Units completed and transferred out in June 94,030 units The ending Work in Process Inventory on June 30 was 100% complete for materials and 50% complete 5 for conversion costs. Required: a. Prepare a production cost report for the month ended June 30 using the weighted average method. Round your cost per equivalent unit to the nearest cent and all other costs to the nearest dollar, if necessary. SHOW AND LABEL ALL WORK. b. Prepare the journal entry to record the transfer of completed units to finished goods
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