Question: 2. Process Costing Centaur Inc. manufactures throw rugs. The throw rug department weaves cloth and yarn into throw rugs of various sizes. Centaur uses the
2. Process Costing Centaur Inc. manufactures throw rugs. The throw rug department weaves cloth and yarn into throw rugs of various sizes. Centaur uses the weighted average method. Materials are added uniformly throughout the weaving process. The following data are for the throw rug department for April: Production: Units in process, April 1, 60% complete Units completed and transferred out Units in process, April 30, 60% complete Costs: WIP, April 1 Current costs Total 60,000 180,000 60,000 $ 216,000 907,200 $1,123,200 Prepare a production report for the throw rug department for April using the weighted average method
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