In: Accounting
Production Report, Weighted Average
Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October:
Production: | |
Units in process, October 1, 40% complete | 4,000 |
Units completed and transferred out | 27,200 |
Units in process, October 31, 60% complete | 8,000 |
Costs: | |
WIP, October 1 | $32,000 |
Costs added during October | 608,000 |
Required:
Prepare a production report for the cutting department. If an amount box does not require an entry, leave it blank or enter "0".
Manzer Inc. | |||
Cutting Department Production Report | |||
For the Month of October (Weighted Average Method) | |||
Unit Information | |||
Physical flow: | |||
Units to account for: | |||
Units in beginning WIP | |||
Units started | |||
Total units to account for | |||
Units accounted for: | |||
Units completed | |||
Units in ending WIP | |||
Total units accounted for | |||
Equivalent units: | |||
Units completed | |||
Units in ending work in process | |||
Total equivalent units | |||
Cost Information | |||
Costs to account for: | |||
Beginning work in process | $ | ||
Incurred during October | |||
Total costs to account for | $ | ||
Cost per equivalent unit | $ | ||
Costs accounted for: | |||
Transferred Out | Ending Work in Process | Total | |
Goods transferred out | $ | $ | $ |
Goods in ending work in process | |||
Total costs accounted for | $ | $ | $ |