Question: roduction Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added
roduction Report, Weighted Average Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the cutting department for October: Production: Units in process, October 1, 40% complete 6,000 Units completed and transferred out 40,800 Units in process, October 31, 60% complete 12,000 Costs: WIP, October 1 $ 48,000 Costs added during October 912,000 Required: Prepare a production report for the cutting department. Round cost per equivalent unit to the nearest cent. Use this rounded amount for further calculations. If an amount box does not require an entry, leave it blank or enter "0". Manzer Inc. Cutting Department Production Report For the Month of October (Weighted Average Method) Unit Information Physical flow: Units to account for: Units Units Units Units in beginning WIP fill in the blank 1 of 22 Units started fill in the blank 2 of 22 Total units to account for fill in the blank 3 of 22 Units accounted for: Units completed fill in the blank 4 of 22 Units in ending WIP fill in the blank 5 of 22 Total units accounted for fill in the blank 6 of 22 Equivalent units: Units completed fill in the blank 7 of 22 Units in ending work in process fill in the blank 8 of 22 Total equivalent units fill in the blank 9 of 22
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
