Weighted Average Method, Single-Department Analysis

J Booth 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 March:

a.WIP, March 1, had 27,000 units (20 percent completed) and the following costs:

Direct materials$357,600Direct labour217,500Overhead applied156,800

b.During March, 138,400 units were added to production, and the following costs were added to production:

Direct materials$737,000Direct labour524,000Overhead applied468,000c.On March 31, there were 31,700 partially completed units in process. These units were 40 percent complete.

Required:

Prepare a production report for the assembly department for March 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. Round "Per unit cost" values to four decimal places.

Jbooth CompanyAssembly Department Production ReportFor March (Weighted Average Method)Unit InformationPhysical flow:

Units to account for:

Units in beginning WIPUnits startedTotal

unitsUnits accounted for:

Units completedUnits in ending

WIPTotal unitsEquivalent units

:MaterialsConversionCompletedEWIPTotalCost

InformationCosts to account for:MaterialsConversionBWIP$$

AddedTotal$$Grand total$Per unit cost:Materials$ConversionTotal$Costs accounted for:Units transferred out$EWIP - materialConversion$