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Vecton's Bakery manufactures apple turnovers that passes through 4 sequential processes. Production data for February for Department 4 of the operation is as follows:
Vecton's Bakery manufactures apple turnovers that passes through 4 sequential processes. Production data for February for Department 4 of the operation is as follows: Production data Units Opening WIP % Complete 43% 43,000 From Dept 3 162,000 Current Costs Tsf to Fin Goods 122,000 Ending WIP 63,000 62% Spoiled Units Inspection point Normal Spoilage ??? 75% 8% Acctg data Tsf-In Direct Materials $ Conv Costs Opening WIP $ 16,325 $12,589 $25,300 Current Costs $ 356,005 $225,600 $425,500 Direct material is added at the end of the process. In Department 4, work happens evenly throughout the process, so Conversion Costs are added evenly to the product. REQUIRED: Prepare a cost of production report in good form for Department 4 using the Weighted-Average method of process costing. (Carry your unit cost calculations to four (4) decimal places).
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