Living Lighting Ltd. is a manufacturer of lightbulbs and uses a weighted-average process costing system, with one production department. The following information has been gathered from an examination of the company’s records: 

Work-in-Process, March 1 – 60,000 unit direct materials: 100% complete, at a cost of $40,000Conversion: 40% complete, at a cost of $88,000Units, started during the month 110,000Units completed during March 100,000Work-in-process, March 31Direct materials, 100% complete conversion, 20% complete costs incurred during March: 

Direct materials $300,000

Conversion $710,000

Required:

1. Prepare a production cost report showing:

a. An analysis of the physical flow of units

b. Calculation of equivalent units2 Assignment 2TRU Open Learning

c. Computation of unit costs

d. Calculation of costs transferred to finished goods

e. Calculation of ending work-in-process inventory

Answer rating: 100% (QA)

1 a 6000011000010000070000 units Work in process ... View the full answer