THIS IS CANADIAN ACCOUNTING (COST ACCOUNTING) Jordan Tables Ltd. (JTL) assembles its products in several departments. During October, the beginning work-in-process in the cutting department was 40% complete with respect to conversion, and 100% complete with respect to direct materials. The beginning inventory included $12,000 in direct materials costs and $3,000 in conversion costs. Ending work-in-process inventory in the cutting department was 60% complete. Direct materials are added at the beginning of the process; conversion costs are incurred evenly throughout the process.

Additional information follows: Cutting Department

Beginning work-in process units = 20,000 Units started in the month = 40,000 Units transferred in the month = 50,000 Ending work-in-process units = 10,000 Materials costs added in month = $48,000 Labour costs added in month = $16,000 Overhead costs added in month = $8,000

Required:

Prepare a production cost worksheet for the Cutting department using the weighted- average process method.

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