Question: Germain Company uses weighted average process costing to determine product

Germain Company uses weighted average process costing to determine product costs. At the beginning of last month 8,000 units were 60% complete. An additional 70,000 units were started. At the end of the month 12,000 units were still in process and were 40% complete. Materials are added at the beginning of the process. Labor is incurred when the units are one-half complete, and overhead costs are incurred uniformly. Costs for beginning WIP were $18,000 for materials, $38,000 for labor, and $12,000 for overhead. Costs incurred during the month were $138,000 for materials, $292,000 for labor, and $200,400 for overhead.

REQUIRED
Prepare a process cost report under the weighted average method.


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  • CreatedJanuary 26, 2015
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