In a single-process production system, Phunky Phingers produces wool gloves. For November, the companys accounting records reflected the following:

Beginning WIP Inventory (100% complete as to material; 30% complete as to
direct labor; 60% complete as to overhead)	7,200	units
Units started during the month	54,000	units
Ending WIP Inventory (100% complete as to material; 40% complete as to
direct labor; 80% complete as to overhead)	12,000	units

Cost Component	November 1	During November
Direct material	$7,812	$54,000
Direct labor	1,145	27,475
Overhead	2,782	42,494

• Part A
• Part B

a. For November, prepare a cost of production report, assuming that the company uses the weighted average method. Note: Round the costs per EUP to the nearest two decimal points; use the rounded amounts in subsequent calculations. Note: Other than costs per EUP, round all amounts to the nearest whole dollar.

Phunky Phingers
Cost of Production Report (WA Method)
For the Month of November
Production Data:	Units
Beginning WIP inventory	Answer
Units started	Answer
Units to account for	Answer
	Units	Material	Labor	Overhead
Beginning WIP Inventory	Answer	Answer	Answer	Answer
Started & completed	Answer	Answer	Answer	Answer
Ending WIP inventory (100%, 40%, 80%)	Answer	Answer	Answer	Answer
Units accounted for	Answer	Answer	Answer	Answer
Cost Data:	Total	Material	Labor	Overhead
Beginning WIP Inventory	Answer	Answer	Answer	Answer
Current costs	Answer	Answer	Answer	Answer
Cost to account for	Answer	Answer	Answer	Answer
Divided by EUP		Answer	Answer	Answer
Cost per EUP	Answer	Answer	Answer	Answer
Cost Assignment
Transferred out		Answer
Ending inventory:
Material	Answer
Direct labor	Answer
Overhead	Answer	Answer
Total cost accounted for		Answer

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