Question: Chapman Manufacturing Company uses the weighted average method for process costing. Chapman produces processed food products that pass through three sequential departments. The costs for

 Chapman Manufacturing Company uses the weighted average method for process costing.

Chapman Manufacturing Company uses the weighted average method for process costing. Chapman produces processed food products that pass through three sequential departments. The costs for Department 1 for February 20X5 were as follows: Cost of beginning inventory: Material Conversion 11,750 20,186 $31,936 Costs added in Department 1 during February: Direct material Direct labor Manufacturing overhead $338,620 320,350 266,590 $925,560 Department 2 handled the following units during February: Units in process, February 1 Units started in Department 1 Units transferred out to Department 2 Units in process, February 28 3,000 48,00 47,000 4,000 On average, the February 1 units were 30% complete, and the February 28 units were 60% complete. Materials are added at the beginning of the process and conversion costs occur evenly throughout the process in Department 1. Prepare the product cost report for February for Department 1. Beg Inventory Started Total

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