Switch Co. manufactures a single product in two departments: Cutting and Assembly. Information for the Cutting process for January follows.

Required

1. Prepare the Cutting department’s production cost report for January using the weighted average method.

2. Prepare the January 31 journal entry to transfer the cost of units from Cutting to Assembly.

Transcribed Image Text:

Direct Materials Conversion Beginning work in process inventory Percent Complete Percent Complete Direct materials $ 7,500 Units Conversion .. 49,840 $ 57,340 Beginning work in process inventory... Units started this period... Units completed and transferred out... Ending work in process inventory.... 10,000 75% 60% Costs added this period 250,000 Direct materials 112,500 220,000 Conversion .. 616,000 728,500 40,000 50% 30% Total costs to account for....... $785,840