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Washburn Inc. manufactures precision tools in two departments: molding and finishing. Washburn uses the weighted average method. Manufacturing costs are added uniformly throughout the process.
- Washburn Inc. manufactures precision tools in two departments: molding and finishing. Washburn uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the molding department for June:
- Production:Units in process, June 1, 50% complete15,000Units completed and transferred out102,000Units in process, June 30, 60% complete30,000Costs:WIP, June 1$180,000Costs added during June3,420,000
- What does a production report for the molding department look like?
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
