Question: Weighted Average Process Costing Additional information follows: Minot uses weighted average costing and applies manufacturing overhead to Work - in - Process at the rate

 Weighted Average Process Costing Additional information follows: Minot uses weighted average

Weighted Average Process Costing
Additional information follows:
Minot uses weighted average costing and applies manufacturing overhead to Work-in-Process at the rate of 90% of direct labor cost.
Ending inventory in the Processing Department consists of 3,000 units that are one-fourth converted
Beginning inventory contained 4,000 units, one-half converted, with a cost of $57,950( $34,000 for materials and $23,950 for conversion).
(a) Prepare a cost of production report for the Processing Department for November.
Do not use negative signs with any of your answers.
Round Cost per equivalent unit in process to two decimal places, if needed.
costing and applies manufacturing overhead to Work-in-Process at the rate of 90%

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