Question

Materials are added at the beginning of a production process, and ending work in process inventory is 40% complete with respect to conversion costs. Use the information provided to complete a production cost report using the weighted-average method.

Costs to Account For
Beginning inventory: materials	$11,000
Beginning inventory: conversion	20,000
Direct material	46,200
Direct labor	75,000
Applied overhead	42,340
Total costs to account for	$194,540
Units to Account For
Beginning work in process	4,000
Units started into production	22,000
Transferred out	19,000

Production Cost Report
Completed and transferred out
Ending work in process
Total units to account for
Work in process completion percent	100%	40%
	Material Units	Conversion Units	Total Units
Completed and transferred out
Ending work in process
Total units to account for
Costs to account for	Materials	Conversion	Total
Beginning work in process	$	$	$
Incurred during the period
Total costs to account for	$	$	$
Equivalent units
Cost per equivalent unit for department	$	$	$
Transferred out costs		$
End work in process: materials	$
End work in process: conversion
End work in process: total
Costs to account for		$

Answer 1