Question: Chapter 6 Production Report Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for
Chapter 6 Production Report Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March. Production: Units in process, March 1 (60% complete with materials; 30% complete with conversion) Units completed and transferred-out Units in process, March 31 Costs: (90% complete with materials; 50% complete with conversion) Work-In-Process, March 1: Costs added during March: Materials $ 44,400, Materials $548,600, 12,000 units 88,000 units 34,000 units Conversion $ 30,500 Conversion $599,500 Using the Weighted-Average method, prepare the production cost report. Flow of Units: Units to be accounted for Beg. WIP (MC). Units started. Total units to be accounted for... Units accounted for as follows Completed & transferred-out.. End WIP (MC) Total units accounted for Plusical Units Equivalent Units Materials Conversion E Flow of Costs: Costs to be accounted for Beg. WIP costs. Costs added in current period. Total costs to be accounted for. Costs per EU:. Cost accounted for as follows: Completed & transferred-out End. WIP Total costs accounted for. Total Materials Conversion
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