Question: Burnt Ham Company uses the weighted-average method in its process costing system. The Curing Department of Burnt Ham Company reported the following information for the

Burnt Ham Company uses the weighted-average method in its process costing system. The Curing Department of Burnt Ham Company reported the following information for the month of November:

Beginning work in process:

  • 30% complete for materials, and 80% complete for conversion.

Ending work in process:

  • 40% complete for materials, and 70% complete for conversion

Cost Summary Material Conversion

Work in process, November 1 $ 34,500 $ 48,600

Added during November $146,000 $194,400

Units

Work in process, November 1 10,000

Started in November 28,000

Total 38,000

Work in process November 30 8,000

Completed and transferred out

(calculate this figure)

Required

Show a production Report for the company's November production using the weighted-average method. You will need to include the following:

  1. Units to account for
  2. The equivalent units of production for materials and conversion
  3. The cost per equivalent unit for materials and conversion (Roundto three decimals. There will be a small final rounding error.)
  4. The total cost assigned to units transferred out of the Curing Dept. during November (Costs must be in dollars and cents.
  5. The total cost of the work in process inventory on November 30 (Costs must be in dollars and cents.)
  6. A cost reconciliation

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