minot processing company manufactures one product on a continuou

Project Description:

minot processing company manufactures one product on a continuous basis in two departments, processing and finishing. all materials are added at the beginning of work on the product in the processing department. during december 2009, the following events occurred in the processing department:units started ……………………………………………..……………… 16,000 unitsunits completed and transferred to finishing department ………………15,000 unitscosts assigned to processing raw materials (one unit of raw materials for each unit of product started)...…..$142,900manufacturing supplies used..............................….....…................................….. 18,000direct labor costs incurred..............................….....…................................…….. 51,000supervisors' salaries..............................….....…................................……..…….. 12,000other production labor costs ................….....…................................……..…….. 14,000depreciation on equipment................….....…................................……..……..... 6,000other production costs ………………………………………………………….. 18,000additional information follows: minot uses weighted average costing and applies manufacturing overhead to work-in-process at the rate of 100 percent of direct labor cost. ending inventory in the processing department consists of 3,000 units that are one-third converted. beginning inventory contained 2,000 units, one-half converted, with a cost of $27,300 ($17,300 for materials and $10,000 for conversion).required a. prepare a cost of production report for the processing department for december. b. prepare an analysis of all changes in work-in-process.
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Price Type: Negotiable

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