Question: Kylie Electronics uses a process costing system to make their product and has only a single processing department. The following information pertains to operations for

Kylie Electronics uses a process costing system to make their product and has only a single processing department. The following information pertains to operations for the month of September 2021:

Units

Beginning work-in-process inventory

20,000

Started into production during May

100,000

Completed during May

?

Ending work-in-process inventory

24,000

The beginning work-in-process inventory was 60% complete with respect to materials and 20% complete with respect to conversion costs. The ending work-in-process inventory was 80% complete with respect to materials and 30% complete with respect to conversion costs. The costs were as follows:

Materials

Conversion

Beginning work-in-process inventory

$ 54,560

$ 35,560

Costs incurred during May

$463,840

$274,040

Prepare a Weighted Average Production report in good form on the following page in the report space provided.

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