Question: Able Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a

Able Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month:

Work in process, beginning:

Units in process

300

Stage of completion with respect to materials

60%

Stage of completion with respect to conversion

30%

Costs in the beginning inventory:

Materials cost

$342

Conversion cost

$2,394

Units started into production during the month

21,000

Units completed and transferred out

20,700

Costs added to production during the month:

Materials cost

$44,136

Conversion cost

$546,750

Work in process, ending:

Units in process

600

Stage of completion with respect to materials

80%

Stage of completion with respect to conversion

30%

Required: Prepare a production report for the department using the weighted-average method.

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