Question: I need help solving process costing- weighted average. The answers I need help with are in yellow. Process Costing - Weighted Average General Information The

Process Costing - Weighted Average General Information The I See The Light

Company has a related company that produces the figurines. They use process

costing in the molding department. The factory overhead is applied at a

rate of 60% of direct labor dollars. The material is added at

the beginning of the process. The labor and overhead costs are assumed

I need help solving process costing- weighted average. The answers I need help with are in yellow.

to be added uniformly throughout. Month of January Selected information for January

is presented below. Note that the applied overhead rate was 60% of

direct labor costs in the molding department. Molding Department Goods in-process as

of January 1 were 2,900 figurines at a cost of Of this

amount, $4,766.00 was from raw materials added, $11,637.60 for labor and $6,818.76

Process Costing - Weighted Average General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 60% of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout. Month of January Selected information for January is presented below. Note that the applied overhead rate was 60% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 2,900 figurines at a cost of Of this amount, $4,766.00 was from raw materials added, $11,637.60 for labor and $6,818.76 for overhead. These 2,900 figurines were assumed to be 25 00% complete as to labor and overhead.

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