Burnt Ham Company uses the weighted-average method in its process costing system. The Curing Department of Burnt Company reported the following information for the month of November:

Beginning work in process: 30% complete for materials, and 80% complete for conversion.

Ending work in process: 40% complete for materials, and 70% complete for conversion.

Cost Summary	Materials	Conversion
Work in process, November 1	$ 34,500	$ 48,600
Added during November	$146,000	$194,400
	Units
Work in process, November 1	10,000
Started in November	28,000
Total	38,000
Work in process November 30	8,000
Completed and transferred out (You calculate this number.)

Prepare a Production Report for the company’s November production using the weighted-average method. You will need to include the following:

A)Units to account for.

B)The equivalent units of production for materials and conversion.

C)The cost per equivalent unit for materials and conversion. (Round to three decimals. There will be a small final rounding error).

D)The total cost assigned to units transferred out of the Curing Dept. during November (costs must be in dollars and cents).

E)The total cost of the work in process inventory on November 30 (costs must be in dollars and cents).

F)A cost reconciliation.

Answer rating: 100% (QA)

A and B Burnt Ham Company PRODUCTION REPORT Computation of Equivalent unit of production Unit Materi... View the full answer