Question
Traffic Control Systems makes bright rubber traffic cones.The company has two departments, Melting and Forming.Raw materials are introduced at various stages throughout the melting process.The
Traffic Control Systems makes bright rubber traffic cones.The company has two departments, Melting and Forming.Raw materials are introduced at various stages throughout the melting process.The following is the department's work in process T-Account for August:
Work in Process - Melting Department
Aug 1 balance: (200 kilograms; 80% complete a to materials, 70% complete ato conversion)
352
Completed and transferred to the packaging department (_?_ kilograms)
___?___
Costs added:
Materials(2,050 kilograms)
890
Labour
400
Overhead
2,000
Aug 31 balance (40 kilograms, 50% complete a to materials, 60% complete a to conversion)
___?___
The August 1 work in process includes material of $100, labour of $52, and overhead of $200.
Required:
Using the weighted average method, prepare production cost report for the company
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