Weighted Average Method, Single-Department Analysis

Millie 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 1, had 24,000 units (60% completed) and the following costs:

Direct materials	$186,256
Direct labor	64,864
Overhead applied	34,400

b. During June, 70,000 units were completed and transferred to the finishing department, and the following costs were added to production:

Direct materials	$267,880
Direct labor	253,000
Overhead applied	117,600

c. On June 30, there were 10,000 partially completed units in process. These units were 70% 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 Company
Assembly Department Production Report
For the Month of June (Weighted Average Method)
Unit Information
Units to account for:
Units in beginning WIP
Units started
Total units to account for
Units accounted for:
	Units
Units completed
Units in ending WIP
Total units accounted for
Equivalent units:	Units
Units completed
Units in ending WIP
Total equivalent units
Cost Information
Costs to account for:
	Dollars
Costs in beginning WIP	$
Costs added by department
Total costs to account for	$
Cost per equivalent unit	$
Costs accounted for:
Goods transferred out	$
Ending WIP
Total costs accounted for	$