Wyeth products manufactures electronic language translators. Analysis of beginning Work in Progress for February 2012 revealed the following for 800 units:

Beginning WIP, February 2012:

					Percent			Costs
800	units				Complete			Incurred
Material					45%			$ 6,748
Direct Labor					65%			2,484
Overhead					40%			5,710
Total beginning inventory								$ 14,942
During February, Wyeth Products started production of another 11,400 translators.
During February 2012:								Costs
Produced:	11,400	units						Incurred
Material								$ 259,012
Direct Labor								58,316
Overhead								188,210
								$ 505,538
On February 29th the company had 400 units in process.
End of February 2012:					Percent
400	units				Complete
Material					70%
Direct Labor					90%
Overhead					80%

Required: 

Prepare a cost of production report for February using the weighted average method.

Answer rating: 100% (QA)

Particulars Units Beginning WIP Add units started Units to account for 800 11400 12200 CALCUL... View the full answer