Question: Bramble Company uses the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred uniformly


Bramble Company uses the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Work in process inventory on May 1 was 75% complete and work in process inventory on May 31 was 60% complete as to conversion costs. Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information below. (Round unit costs answers to 2 decimal places, eg. 52.75.) Total units to be accounted for 51,200 Units accounted for Completed and transferred out 44,800 Work in process, May 31 Total units accounted for 6,40051,200 COSTS Materials Conversion Costs Total Unit costs Costsin May Equivalent units of production Unit costs Costs to be accounted for Work in process, May 1 Started into production Total costs to beaccounted for lay tunits of production ccounted for icess, May 1 iproduction be accounted for $76,800309,120$385,920 iliation Schedule ited for and transferred out icess, May 31 ncosts counted for 5 $ $385,920 $
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