Question

Calgary Corporation produces a liquid solvent in two departments: Mixing and Finishing. Assume that Calgary Corporation provides you with the following information for finishing operations for November (no new material is added in the Finishing Department):
WIP inventory--Finishing
Beginning inventory (10,000 units, 30% complete with respect to finishing costs)
Transferred-in costs (from Mixing)................................. $ 109,600
Finishing conversion costs.............................................. 11,006
Current work (98,000 units started)
Mixing costs................................................................... 862,400
Finishing costs............................................................... 398,594
The ending inventory has 14,000 units, which are 60 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs.

Required
Prepare a production cost report using the weighted-average method.



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  • CreatedDecember 18, 2013
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