Weather Instruments

Production information

Assembly: The company uses the weighted average method of process costing for this department.

$$ Materials are added at the beginning of the process.

$$ There is no spoilage in the assembly department.

Production information related to January:

$$ Beginning work in process on January $1$ was $70\%$ complete as to conversion.

$$ Ending work$-$in$-$process on January $31$ was $40\%$ complete as to conversion.

$$ The beginning inventory on January $1$ included $$15,000$ for materials and $$6,000$ for conversion costs.

Other information related to production in January for the Assembly Department:

Beginning work$-$in$-$process units $20,000$

Units started this period $40,000$

Units completed this period $52,000$

Ending work$-$in$-$process units $8,000$

Material costs added $$44,000$

Direct manufacturing labor added $$16,000$

Factory overhead applied $$8,000$

Finishing: The company uses the FIFO method of process costing for this department.

$$ Materials are added at the end of the process.

$$ Spoilage is detected at the end of the finishing process. Normal spoilage is $2\%$ of the good units transferred out of the finishing process into finished goods.

Production information related to January:

$$ Beginning work in process on January $1$ was $65\%$ complete as to conversion.

$$ Ending work in process on January $31$ was $25\%$ complete as to conversion.

$$ The beginning inventory on January $1$ included $$16,000$ for transferred$-$in costs and $$20,000$ for conversion costs.

Other information related to production in January for the Finishing Department:

Beginning work$-$in$-$process units $24,000$

Good units completed this period $51,000$

Ending work$-$in$-$process units $20,000$

Material costs added $$28,000$

Direct manufacturing labor added $$27,000$

Factory overhead applied $$24,000$