Beginning work-in-progress inventory on June 1 had 250,000 units made up of the

Question

Beginning work-in-progress inventory on June 1 had 250,000 units made up of the following Amount Prior department costs transferred in from the Forming Department Costs added by the Steril- ization Department: Direct materials Direct labor Manufacturing overhead $387,600 100% 317,200 100% 120,050 | 40% 67100 | 30% $504,350 $891,950 Work in process, June 1 During June, 580,000 units were transferred in from the Forming Department at a cost of $1,870,000. The Assembling Department added the following costs: $974.800 318,600 Direct materials Direct labor Manufacturing overhead Total costs added $1,495,400 Assembling finished 480,000 units and transferred them to the Sterilization Department At June 30, the number of units in ending work-in-progress inventory was 350,000. The degree of completion of work-in-process inventory at June 30 was as indicated belovw Direct materials Direct labor Manufacturing overhead 80% 65 30 Prepare a correctly formatted (including heading) production cost report (see Exhibit 8.11 as a example report) using the weighted-average method. A.

Explanation / Answer

Solution:

Reconciliation of Physical units Particulars Physical Units Particulars Physical Units Beginning units 250000 Unit Completed 480000 Unit started 580000 Ending Units 350000 Total Units 830000 Total Units 830000

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