PR $7-2($Algo$)($LO $7\mathrm{.}2,7\mathrm{.}3)$ LozzaMozza produces artisan cheese wheels...

References

LozzaMozza produces artisan cheese wheels and uses the weighted$-$average method of process costing. Direct materials are all

added at the beginning of production and conversion costs are incurred uniformly during production.

In September, LozzaMozza had $14,000$ units in beginning work$-$in$-$process and began production on another $40,400$ units. At the end

of the month, LozzaMozza had $11,600$ units in ending work$-$in$-$process that were $40$ percent complete with respect to conversion costs.

LozzaMozza incurred $$30,000$ of direct materials costs and $$8,400$ of conversion costs in August for September's beginning work$-$in$-$

process units. LozzaMozza incurred an additional $$87,200$ in direct materials costs and $$38,400$ in conversion costs in $5$ eptember.

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