Question: Process Costing A company uses process costing system has TWO departments (A and B). Cost and other data of MAY in department A as the

Process Costing A company uses process costing system has TWO departments (A and B). Cost and other data of MAY in department A as the following: Beg. WIP: Cost Of Beg. Inventory (MAY): Units: 20,000 (completed 100% material, Materials: $8,000. 30% conversion). Labor: $3,600. MOH: $5,400. Total cost: $17,000. Units started in MAY: 180,000. Cost added during MAY: Units completed and transferred out to next Material: $63,000. department (B): 170,000. Labor: $88,000. Applied MOH: $132,000. Total: $283,000. Ending WIP: Units: 30,000 (Completed 100% material, 40% conversion). Required: Prepare Production Cost Report under Weighted Average Method (Showing your calculations under it) Items Production Report/Weighted Average Method Section 1: Quantity Schedule & Equivalent Unit. Q.S Section 2: Cost per EU. TC EU Whole unit Items Calculation Notes: Section 3: Cost Reconciliation. TC EU OH

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