Manufacturing data for June and July in the Blending Department of Lucy’s Lotions Inc. follow:
All materials are added at the start of the process. Labor and factory overhead are added evenly throughout the process. No units were in process at the beginning of June. Goods finished in Blending are transferred to Bottling for further processing.
1. From an analysis of this information, prepare a cost of production summary for each month, using the weighted average cost method. (Round unit costs to three decimal places.)
2. Make the journal entries necessary for each month to record the cost of materials, labor, and factory overhead used in production and the transfer of finished units from Blending to Bottling.

  • CreatedMarch 31, 2015
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