Brief Exercise $6-38$ Nonuniform Inputs, Weighted Average

Objective $4$ Example $6\mathrm{.}7$

Ming Inc. had the following production and cost information for its blending department during February $($with materials added at the beginning of the process$)$:

$326$

Production:

Units in process, February $1,50\%$ complete with respect to conversion

Units completed

$2,000$

$13,040$

$2,400$

Units in process, February $28,60\%$ complete

Costs:

Work in process, Februaryl:

Materials

Conversion costs

Total

$[$$$16,000],[12,000],[$$$28,000]$

Current costs:

Materials

$$50,000$

Conversion costs

Total

$\frac{84,000}{\text{\$}134,000}$

Details