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Weighted Average Method, Single - Department AnalysisMillie Company produces a product that passes through an assembly process and a finishing process. All manufacturing costs are
Weighted Average Method, SingleDepartment AnalysisMillie Company produces a product that passes through an assembly process and a finishing process. All manufacturing costs are added uniformly for both processes. The following information was obtained for the assembly department for June:a WIP, June had units completed and the following costs:Direct materials$Direct laborOverhead appliedb During June, units were completed and transferred to the finishing department, and the following costs were added to production:Direct materials$Direct laborOverhead appliedc On June there were partially completed units in process. These units were complete.Required:Prepare a production report for the assembly department for June using the weighted average method of costing. The report should disclose the physical flow of units, equivalent units, and unit costs and should track the disposition of manufacturing costs.Millie CompanyAssembly Department Production ReportFor the Month of June Weighted Average MethodUnit InformationUnits to account for:Number of UnitsUnits in beginning WIPfill in the blank Units startedfill in the blank Total units to account forfill in the blank Units accounted for:UnitsUnits completedfill in the blank Units in ending WIPfill in the blank Total units accounted forfill in the blank Equivalent units:UnitsUnits completedfill in the blank Units in ending WIPfill in the blank Total equivalent unitsfill in the blank Cost InformationCosts to account for:DollarsCosts in beginning WIP$fill in the blank Costs added by departmentfill in the blank Total costs to account for$fill in the blank Cost per equivalent unit$fill in the blank Costs accounted for:Goods transferred out$fill in the blank Ending WIPfill in the blank Total costs accounted for$fill in the blank
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