Reference no: EM132746551

Better Times Company is a manufacturer of soap. It produces all of its products in one department. The information for the current month is as follows:

Beginning work in process 50,000 units
Units started 63,000 units
Units completed 77,000 units
Ending work in process 30,000 units
Spoilage 6,000 units

Beginning work-in-process direct materials $32,000
Beginning work-in-process conversion $ 9,000
Direct materials added during month $130,000
Direct manufacturing labor during month $67,200

• Beginning work in process was 25% complete as to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 40% of direct manufacturing labor. Ending work in process was 65% complete. All spoilage is normal and is detected at the end of the process.

Problem 1: Construct a production cost worksheet if spoilage is recognized and the weighted-average method is used.