Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows: Beginning work-in-process

Question:

Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows:

Beginning work-in-process .......... 10,000 units

Units started ............... 20,000 units

Units completed ............. 25,000 units

Beginning work-in-process direct materials ..... $6,000

Beginning work-in-process conversion ....... $2,600

Direct materials added during month ....... $30,000

Direct manufacturing labor during month ...... $12,000

Factory overhead ............... $5,000


Beginning work-in-process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process.

Ending work-in-process was 60 percent complete.


Required:

Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules





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