Question: I need a production cost report using the weighted-average method. The following information is available for the Molding department for January. Work in Process beginning:

I need a production cost report using the weighted-average method.

The following information is available for the Molding department for January.

Work in Process beginning: 22,000 units, Total costs in the beginning work in process 252,854

Costs in work in process inventory: Materials 168,020, Labor 67,564, Overhead 17,270

Units started into production in January 55,000

Units completed and transferred-out in January 48,000

Costs added to production: Materials $294,750, Labor 289,468, Overhead 58,348 = Total costs added into production in January 642,566

Work in process ending:

Units in process 29,000

Stage of completion for materials 100%

Stage of completion for labor and over head 10%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Electric current is the fundamental SI electrical dimension, with the ampere (A) as its unit. Determine units for the following quantities as combinations of fundamental SI units. (a) Electric power...

Q:

Process Costing Using Excel to prepare a production cost report Salish Craft Beers provides the following information for the Malting Department for the month of August 2018: Beginning...

Q:

Chapter 20 Using Excel P20-46 Using Excel to prepare a production cost report Salish Craft Beers provides the following information for the Malting Department for the month of August 2018: Units 0...

Q:

Instructions Production Cost Report Chapter 20 Using Excel P20-46 Using Excel to prepare a production cost report Salish Craft Beers provides the following information for the Malting Department for...

Q:

Edenton Boat Company manufactures small pleasure boats on an assembly-line basis. The units are started in the Department A. On July 1 of this year, the Work-in-Process inventory of the department A...

Q:

Chapter 20 Using Excel P20-46 Using Excel to prepare a production cost report Salish Craft Beers provides the following information for the Malting Department for the month of August 2018: Units...

Q:

Process Costing Using Excel to prepare a production cost report Salish Craft Beers provides the following information for the Malting Department for the month of August 2018: Units Costs Beginning...

Q:

Problem 8-48 Prepare a Production Cost Report: Weighted-Average Method (LO 8-3, 4) Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account...

Q:

Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three separate departments: Molding,...

Q:

Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three separate departments: Molding,...

Q:

please help Kansas Supplies is a manufacturer of plastic parts that uses the weighted average process costing method to account for costs of production. It produces parts in three separate...

Q:

Five Star Hotel Corporation (Five Star) operates two exclusive resort properties operating under different brands one located in the United States and the other in Bermuda. Each resort has been...

Q:

A study by Holder, Plikaytis, and Carlone (1996) compared two laboratory protocols designed to measure antibody levels in an enzyme-linked immunosorbent assay (ELISA) for Streptococcus pneumoniae....

Q:

The value of 2 ^ 5 1 / x ^ 2 dx is

Q:

Billick Brothers is estimating its WACC. The company has collected the following information: Capital structure consists of 40 percent debt and 60 percent common equity. The company has 20-year bonds...

Q:

The outside surface temperature of a pipe (radius -0.1m) is 400K. The pipe is losing heat to atmospheric, which is at 300K. The film heat transfer coefficient is 10 W/m2K. To reduce the rate of heat...

Q:

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that...

Q:

Mars has a radius of about 0.38 Earth radius and a mass of only 0.11 Earth mass. Estimate the acceleration due to gravity on Mars. A. 0.49 m/s^2 B. 7.6 m/s^2 C. 10 m/s^2 D. 15.3 m/s^2

Q:

As starting material we have 99.999999 at.% Si (= 8 nines or 8N). The only dopant is aluminium and we call this 8N-Si(Al) (see periodic table). At room temperature the electron mobility in Si is...

Q:

Consider following model: where t is the time index and is the white noise that follows , iid. Question 1: Use simulation, randomly generate 1000 data point for and in R. Please provide codes and...

Q:

4. How can we use information and communication to influence other people?

Q:

2. Why do we have more confidence in what one person tells us than in what another person tells us?

Q:

1. Why do we trust one type of information more than another?