Question: 8) Use the data below to make June Production Report for AAYS Inc. using Weighted Average method of Process costing? Do all the steps, and

8) Use the data below to make June Production Report for

8) Use the data below to make June Production Report for AAYS Inc. using Weighted Average method of Process costing? Do all the steps, and show the cost flows (12 +9 marks) 9) Data Amount WIP, June 01 - 18,000 units Direct Material: 100% complete, at cost from Mays Conversion: 50% complete, at cost from May Balance in WIP, June 01 45.000 30,000 75,000 Is Units started during June 27000 units Units completed and transferred out in June 36000 units 9000 units WIP, June 30 Direct Material: 100% complete Conversion: 30% complete Costs incurred during June Direct Material 81.000 Conversion Costs: Direct Labor Applied Manufacturing Overhead Total Conversion Costs 78,000 156,000 234.000 Predetermined Overhead rate: 200% of Direct Labor Cost Selling Price Units Sold on Cash 20 20000 units

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