Luigi the Supporter Ltd. is a manufacturer of wool clothes. The information for March is as...
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Luigi the Supporter Ltd. is a manufacturer of wool clothes. The information for March is as follows: WIP Beginning 110 000 units Units started 240 000 units Completed Units 265 000 units S 50 000 S 36 000 S 450 000 S 120 000 S 75 000 WIP Direct materials, started WIP Conversion, started Added Direct materials during month Direct Labor during month Overhead Luigi the Supporter Ltd. adds direct materials at the beginning of the process. Conversion costs are applied evenly throughout the process. Beginning inventory is 45% complete and Ending WIP is 55% complete in terms of conversion costs. Required: Prepare a production worksheet using the weighted-average method. Include any necessary supporting schedules. You have to assign costs to units completed and ending WIP. Luigi the Supporter Ltd. is a manufacturer of wool clothes. The information for March is as follows: WIP Beginning 110 000 units Units started 240 000 units Completed Units 265 000 units S 50 000 S 36 000 S 450 000 S 120 000 S 75 000 WIP Direct materials, started WIP Conversion, started Added Direct materials during month Direct Labor during month Overhead Luigi the Supporter Ltd. adds direct materials at the beginning of the process. Conversion costs are applied evenly throughout the process. Beginning inventory is 45% complete and Ending WIP is 55% complete in terms of conversion costs. Required: Prepare a production worksheet using the weighted-average method. Include any necessary supporting schedules. You have to assign costs to units completed and ending WIP.
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Related Book For
Financial Theory and Corporate Policy
ISBN: 978-0321127211
4th edition
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
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