UniCom Manufacturing Company uses weighted average process costing. At the beginning of January there were 1,000...
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UniCom Manufacturing Company uses weighted average process costing. At the beginning of January there were 1,000 units in beginning work-in-process that were 40% complete. In Process 1 all direct materials are added at the beginning of the process. The costs for the 1,000 units in beginning work-in-process include $4,000 for direct materials and $4,800 for conversion costs. During January, an additional 11,000 units entered Process 1. Costs incurred during January include $44,000 for direct materials and $124,000 for conversion costs. UniCom completed 10,000 units and there were 2,000 units only 60% complete by the end of the month. Prepare a cost of production report for the month of January. Do not use commas or decimals in the answers, except per unit amounts, which you should use 1 decimal place. UniCom Manufacturing Company uses weighted average process costing. At the beginning of January there were 1,000 units in beginning work-in-process that were 40% complete. In Process 1 all direct materials are added at the beginning of the process. The costs for the 1,000 units in beginning work-in-process include $4,000 for direct materials and $4,800 for conversion costs. During January, an additional 11,000 units entered Process 1. Costs incurred during January include $44,000 for direct materials and $124,000 for conversion costs. UniCom completed 10,000 units and there were 2,000 units only 60% complete by the end of the month. Prepare a cost of production report for the month of January. Do not use commas or decimals in the answers, except per unit amounts, which you should use 1 decimal place.
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Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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