BUS $388-001,$ Cost Accounting

Assignment $3$

Due on April $3,2023$

Production Cost Report: Weighted Average Method. Calvin Chemical Company produces a chemical used in the production of silicon wafers. Calvin Chemical uses the weighted average method for its process costing system. The Mixing department at Calvin Chemical began the month of June with $5,000$ units $($gallons$)$ in work$-$in$-$process inventory, all of which were completed and transferred out during June. An additional $15,000$ units were started during the month, $11,000$ of which were completed and transferred during June. A total of $4,000$ units remained in work$-$in$-$process inventory at the end of June and were at varying levels of completion, as shown in the following

$\backslash$table$[[$Direct materials,$60$ percent complete$],[$Direct labor,$40$ percent complete$],[$Overhead$,40$ percent complete$]]$