Question $6$ Partially correct Mark $0\mathrm{.}68$ out of $1\mathrm{.}00$quad P Flag question

Weighted Average Process Costing Processing Department:

Units started $16,000$ units Units completed and transferred to Finishing Department $15,000$ units

Costs assigned to processing: Raw materials $($one unit of raw materials for each unit of product started$)$ $$142,900$ Manufacturing supplies used $18,000$ Direct labor costs incurred $51,000$ Supervisors' salaries $12,000$ Other production labor costs $14,000$ Depreciation on equipment $6,000$ Other production costs $18,000$

Additional information follows:

Minot uses weighted average costing and applies manufacturing overhead to Work$-$in$-$Process at the rate of $100$ percent of direct labor cost. Ending inventory in the Processing Department consists of $3,000$ units that are one$-$third converted. Beginning inventory contained $2,000$ units, one$-$half converted, with a cost of $$35,900($ $$22,700$ for materials and $$13,200$ for conversion$).$

Work$-$in$-$Process Analysis

$($a$)$ Prepare a cost of production report for the Processing Department for December.

Do not use negative signs with any of your answers. Round Cost per equivalent unit in process to two decimal places, if needed.

Minot Processing Company: Processing Department Cost of Production Report

For the Month Ending December $31,2009$

Summary of units in process: Beginning $2,000$ Units started $16,000$ In process $18,000$ Completed $15,000$ Ending $3,000$ Equivalent units in process: Materials Conversion Total Units completed $15,000*15,000$ Plus equivalent units in ending inventory $3,0001,000$ Equivalent units in process $18,000*16,000$ Total cost to be accounted for and cost per equivalent unit in process: Beginning work$-$in$-$process $ $22,700*$ $ $13,200$ $ $35,900$ Current costs $142,900*119,000261,900$ xx Total cost in process $ $165,600*$ $ $132,200$ $ $297,800$ x Equivalent units in process $-$: $18,000-$: $16,000$ Cost per equivalent unit in process $ $9\mathrm{.}2$ $ $8\mathrm{.}26$ xx $ $17\mathrm{.}46$ xx Accounting for total costs: Transferred out $ $261,900$ x Ending work$-$in$-$process: Materials $ $27,600$ Conversion $8,260$ x $35,860$ x Total cost accounted for $ $297,800$ x

Cost of Production Report

$($b$)$ Prepare an analysis of all changes in Work$-$in$-$Process.

Do not use negative signs with any of your answers.