Karlene Industries produces plastic ice cube trays in two processes: heating and stamping. All materials are added at the beginning of the Heating Department process. Karlene uses the weighted-average method to compute equivalent units.

On November 1, the Heating Department had in process 1,000 trays that were 70% complete. During November, it started into production 12,000 trays. On November 30, 2017, 2,000 trays that were 60% complete were in process. The following cost information for the Heating Department was also available.

Instructions

(a) Prepare a production cost report for the Heating Department for the month of November 2017, using the weighted-average method.

(b) Journalize the transfer of costs to the Stamping Department.

Transcribed Image Text:

Work in process, November 1: Materials Conversion costs Cost of work in process, Nov. 1 $ 640 360 $1,000 Costs incurred in November: Material $3,000 Labor 2,300 Overhead 4,050